Hello scotty, regards from Malaysia. Im a big fan of your channel. I have one question.
How come Ellon Musk be the richest man on the world and how come Tesla stocks rebound. We know that Toyota sold millions of their hybrid cars and billions cars combined with the regular gas car. I never see Takeshi-san in the top richest list. Can you explain how this day business make money?
Elon does more than just cars
He only owns 22% of Tesla anyway
Takeshi does only Toyota. That's it.
Elon has SpaceX and started many many other ventures. (read his Wiki)
Stock prices are largely based on emotion and expectations and do not necessarily reflect rationality or reality.
Irrational Exuberance.
Most of his net worth is on paper and tied to the Tesla stocks so a big drop in stock prices and his net worth plummets.
But anyhow, investors love Tesla right now.
