Elon Musk Skyrockets Past Warren Buffett’s Billionaires Ranking

Shares of Tesla (TSLA) keep reaching new highs. Tesla Inc.’s chief executive officer Elon Musk  fortune  is now worth rose $6.1 billion as of July 10,2020 according to the Bloomberg Billionaires Index. The stock also surged 11%. Musk is now the world’s seventh-richest person, rising above Larry Ellison and Sergey Brin.

Tesla shares reached new highs  Thursday, July 2nd, 2020 when they announced the delivery for  90,650 vehicles in the second quarter, beating Wall Street expectations. Shares drove up 9% to $1,219.02

Tesla Inc. (TSLA) Nasdaq Elon Musk is a South African-born American entrepreneur and businessman who founded X.com in 1999 (which later became PayPal), SpaceX in 2002 and Tesla Motors in 2003.

As lead designer at SpaceX, Elon oversees the development of rockets and spacecraft for missions to Earth orbit and ultimately to other planets. In 2008, the SpaceX Falcon 1 was the first privately developed liquid fuel rocket to reach orbit, and SpaceX made further history in 2017 by re-flying both a Falcon 9 rocket and Dragon spacecraft for the first time.Source:Tesla

Elon is also CEO of Neuralink, which is developing ultra-high bandwidth brain-machine interfaces to connect the human brain to computers. He also launched The Boring Company, which combines fast, affordable tunneling technology with an all-electric public transportation system in order to alleviate soul-crushing urban congestion and enable high-speed, long-distance travel. The Boring Company built a 1.15-mile R&D tunnel in Hawthorne. Previously, Elon co-founded and sold PayPal, the world’s leading Internet payment system, and Zip2, one of the first internet maps and directions services.Source:Tesla

Institutional Ownership stands at 54.8%

Major Holders

20.51%  % of Shares Held by All Insider

57.93%  % of Shares Held by Institutions

72.87%  % of Float Held by Institutions

1,319     Number of Institutions Holding Share

Top Institutional Holders

Holder  Shares  Date Reported  % Out    Value

Baillie Gifford and Company        12,076,416           Mar 30, 2020      6.51%    6,328,041,984

Capital World Investors 10,714,131           Mar 30, 2020      5.78%    5,614,204,644

Vanguard Group, Inc. (The)          8,662,781             Mar 30, 2020      4.67%    4,539,297,244

Blackrock Inc.     7,213,587             Mar 30, 2020      3.89%    3,779,919,588

FMR, LLC              4,615,556             Mar 30, 2020      2.49%    2,418,551,344

Jennison Associates LLC 4,320,630             Mar 30, 2020      2.33%    2,264,010,120

State Street Corporation               3,095,851             Mar 30, 2020      1.67%    1,622,225,924

JP Morgan Chase & Company     2,816,285             Mar 30, 2020      1.52%    1,475,733,340

Goldman Sachs Group, Inc.          2,702,701             Mar 30, 2020      1.46%    1,416,215,324

BAMCO Inc.        1,615,174             Mar 30, 2020      0.87%    846,351,176

 

CWEB Analysts see   (TSLA) Nasdaq as a potential  for long term growth and a great addition to one’s portfolio and upward of $2000  by 20121

 


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