Elon Musk is the 5th-wealthiest person in the world, according to Forbes
. Since then, his net worth has nearly tripled, and he has vaulted up the list, passing Warren Buffet, Phil Knight, and Michael Bloomberg on the way.
The majority of Musk's wealth is tied to shares in his companies, Tesla and SpaceX. Tesla's value has increased by $200 billion since March, frequently hitting record highs after delivering stronger-than-expected vehicle delivery numbers. A smaller fraction of his wealth — about $100 million — is tied up in real estate. But that's likely to change. In May, Musk announced that he planned to sell all of his worldly possessions, and listed nearly $40 million of property.Like many automakers, Tesla has had a tumultuous few months as Americans increasingly stayed inside during shelter-in-place guidelines. Since March, the company's only US car factory faced shutdowns due to the coronavirus.
Despite these hurdles, Tesla went on to deliver 90,650 vehicles to customers in Q2, topping Wall Street predictions byIn addition, Tesla's stock has been boosted by speculation that the company could be added to the S&P 500 after. Tesla also announced that it will be presenting new battery technology at a "Battery Day" in September.
Still, Tesla's meteoric stock price has perplexed analysts — and even Musk himself, who sent the stock tumbling after tweeting out that he felt it was overvalued.
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