{"id":2318,"date":"2021-01-13T16:52:00","date_gmt":"2021-01-13T16:52:00","guid":{"rendered":""},"modified":"2026-01-05T13:14:57","modified_gmt":"2026-01-05T07:44:57","slug":"the-rise-of-teslanaires","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/the-rise-of-teslanaires\/","title":{"rendered":"Millionaires, Billionaires and now Teslanaires – Research & Ranking"},"content":{"rendered":"
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We\u2019ve all heard of millionaires and billionaires, but one term that recently caught our attention was \u201cTeslanaires\u201d. No prizes for guessing that it\u2019s related to Tesla, the mighty EV company. If you have even an iota of interest in cars or technology, then I\u2019m sure you\u2019ve heard of Tesla. Indeed, you\u2019ve also heard of its enigmatic founder Mr. Elon Musk, who routinely creates ripples through tweets, press conferences and media appearances.<\/p>\n\n\n\n

Elon Musk \u2013 The tech genius who dons many hats<\/strong><\/h2>\n\n\n\n

It\u2019s an adage that you have to think \u201cout of the box\u201d to succeed in business. Well then, what do you call someone who thinks \u201cout of the cosmos\u201d, quite literally! You call him Elon Musk. His companies encompass a broad spectrum of technology areas such as space tourism, telecommunications, electric cars, tunnelling, magnetic levitation, AI\/machine learning, models for brain-machine interactions, etc. The list is vast and to put it in Lewis Carroll\u2019s words, it gets \u201cCuriouser and Curiouser<\/em>\u201d. Musk, no doubt, courts controversy at times owing to his fiery nature. But there is no denying that the guy is a genius and has created business cases out of concepts that only existed in science fiction until recently.<\/p>\n\n\n\n

A look at the myriad of businesses under Musk\u2019s control<\/strong><\/span><\/h3>\n\n\n\n
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Source:<\/u><\/em> http:\/\/www.rapidshift.net\/nope-cobalts-not-a-problem-the-ev-revolution-will-march-on<\/em><\/strong><\/p>\n\n\n\n

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TESLA \u2013 A swift multibagger<\/strong><\/h2>\n\n\n\n

While all of his companies are compelling business cases, the most famous one is undoubtedly Tesla. According to Wikipedia, “Tesla, Inc. (formerly Tesla Motors, Inc.) is an American electric vehicle and clean energy company based in Palo Alto, California. Tesla’s current products include electric cars, battery energy storage from home to grid-scale, solar panels and solar roof tiles, as well as other related products and services.” The stock of Tesla has been one of the biggest wealth creators in recent times. The stock has returned a staggering 794% over the past year. As of the last count, the stock price<\/a> rose from $98 a year ago to $880 per share. The stock has created humungous wealth for investors who stuck to its growth story over the years.<\/p>\n\n\n\n

Tesla stock returns over different time periods<\/strong><\/span><\/h3>\n\n\n\n
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Period<\/strong><\/p>\n<\/td>

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1M<\/strong><\/p>\n<\/td>

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3M<\/strong><\/p>\n<\/td>

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6M<\/strong><\/p>\n<\/td>

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1Yr<\/strong><\/p>\n<\/td>

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3Yr<\/strong><\/p>\n<\/td>

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5Yr<\/strong><\/p>\n<\/td>

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10Yr<\/strong><\/p>\n<\/td><\/tr>

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Stock Return<\/p>\n<\/td>

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35%<\/em><\/p>\n<\/td>

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107%<\/em><\/p>\n<\/td>

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168%<\/em><\/p>\n<\/td>

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794%<\/em><\/p>\n<\/td>

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136%<\/em><\/p>\n<\/td>

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82%<\/em><\/p>\n<\/td>

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66%<\/em><\/p>\n<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Source:-<\/u><\/em><\/strong> Investing.com. Please note 1M, 3M and 6M and 1Yr returns are absolute. 3Yr, 5Yr and 10Yr are CAGR<\/a><\/em><\/p>\n\n\n\n

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Simply hype or more: What caused the rise?<\/strong><\/h2>\n\n\n\n

Tesla is currently the world\u2019s most valuable car company. As the above graphic shows, its Market Capitalization is higher than that of some of the world\u2019s largest car companies globally. Let us examine some reasons for the stratospheric rise in Tesla\u2019s stock price in CY2020:<\/p>\n\n\n\n