Elon Musk, the CEO of electric car maker Tesla, is now the fifth richest person in the world. The change in his status comes after the company reported its first full year of GAAP profits, along with second-quarter results Wednesday. This soars Tesla shares price to new level but will this continue till Q3 2020?
Mr Musk’s net worth reached $74billion Monday afternoon. The electric vehicle and alternative energy company is now worth more than General Motors, Ford, BMW and Ferrari combined as its shares reached $1,643.00. That is a 300% increase since January 2020. They currently trade at $1,592.