Elon Musk is now the richest person on the planet, with a $185 billion large purse. A recent stock surge in Tesla’s share price pushed Musk past Jeff Bezos, who held the mantle since 2017 and currently controls $184 billion. Musk’s wealth surge is unprecedented – and even the ancestral wealthy Musa of Mali would be jealous.
Elon drank the African waters before he moved to Yankees and that is a validation on something: it can come from any place. His rise is uncommon and shows the beauty of America. People, this is now an Elon Musk age – and this one could be very durable when you combine Tesla with moonshot-visioned SpaceX. I mean this guy could rule the empires of wealth for a very long time.
Many got it all wrong: ‘Long-term bear RBC Capital Markets upgraded its recommendation on Tesla Inc., admitting it had misjudged the electric-vehicle maker.. There is no graceful way to put this other than to say we got TSLA’s stock completely wrong,” analyst Joseph Spak wrote in a report lifting Tesla to sector perform. The broker had maintained a sell-equivalent underperform rating since January 2019, according to data compiled by Bloomberg. During that time, the shares have surged by about 1,200%.’
Mr. Musk is the generation’s best innovator – and it is hopeless betting against him.
Tesla has the best technology, best brand and remains well ahead of competitors on electric vehicles. Yes, the category-king has been anointed and Tesla will win the electric vehicle (EV) business. And provided it keeps that dominance, markets believe others will just break down. What GM and Ford are doing could be described as “marginal”, and daily, Tesla is extending the goal posts, making it harder for them to catch-up.
In the marketing construct of Needs, Expectations and Perceptions, Tesla is taking the world into Perception while other brands are meeting needs and expectations in the EV sector. When you are in the perception space, you set a new basis of competition, bringing new competitive ordinances that disrupt markets for your advantage.
Where are the Nigerian men with traditional titles “Eze Ego” [King of money], “Oba Ego” [the barn which holds money], “Osimiri Ego” [the ocean of money] etc? There is a launching program in the village, and Elon Musk is coming – let there be a match! Do not call in sick due to Covid-19; we are aware you have tested negative. We want to know who is the real king of money!---