Elon Musk has just become the richest man in the world. Surpassing Jeff Bezos (Founder of Amazon) and Bill Gates. He is now worth over $188 billion. This is all happened due to the shares he bought in 2020.
Musk’s riches not only stop there with the recent acquisition of his shares in Tesla. He actually gained the net worth due to the fact Tesla said that it is investing in India.
Tesla plans of starting a Giga factory in India by 2021 and starts selling Tesla cars in late 2021. This is a huge leap forward for his company. This actually garnered more investments, and stock prices surge at this moment.
The investment Tesla is about to make is huge; with Nithin Gadkari confirming the news to the media, this made a lot of traction. Elon also tweeted to a potential customer saying that Tesla’s Model 3 will arrive in India this year at around Rs. 55lakhs/-.
Tesla is being competed by some Chinese automobile manufacturers; with the recent dispute between India and China, Tesla is a great welcome call.
Since India holds the second largest market share in the automotive industry back to China, this is a welcome addition to his net worth portfolio.
After long talks with the governments of America and India, Tesla is now a car driven by Indians all along.
Also, with Space X and Hyperloop investments in India, this made the huge potential to grow his net worths to many folds.
With Elon’s all sorts of investments coming to India, we can expect the products to become easy to develop, and the cost of labor is cheap over here. With cheap labor and east markets covered, this will make them import India’s products with ease.