The Tesla’s 1,000% Returns

Tesla’s 1000% – one year ago it closed at $45.12…currently near $500. And with that, Elon Musk moves into top 3 (or 4) on Bloomberg Billionaires Index. Electrons against hydrocarbons and Wall Street is voting for electrons.

Elon Musk has overtaken Mark Zuckerberg to become the third-richest person in the world, according to the Bloomberg Billionaires Index. The Tesla founder is now worth $115.4 billion to Zuckerberg’s $110.8 billion, as shares in the electric vehicle behemoth continued their rally on Monday after undergoing a forward stock split. Musk’s net worth has grown by $87.8 billion this year as shares of Tesla, now with a $464 billion market value, soared almost 500%. Amazon’s Jeff Bezos is still the world’s richest person, worth more than $200 billion. (LinkedIn)

As Musk triumphs with electrons, Zoom CEO is rising with bytes.

• Zoom CEO Eric Yuan made $5.2 billion Monday after his videoconferencing company reported record quarterly earnings, Bloomberg reports.

• Zoom said its revenue during the second quarter was 355% higher than it was during the same period last year, shattering analysts’ estimates.

• Yuan, along with Jeff Bezos and Elon Musk, is among the highest-earning billionaires throughout the coronavirus pandemic.

• Zoom saw a major boost in market value as schools, companies, and social functions transitioned online to promote social distancing, with increasing reliance on videoconferencing technologies for day-to-day life.

• Bloomberg now estimates Yuan is worth $16.4 billion, a more than 360% increase from his net worth at the start of the year.

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