Elon Musk Tesla founder - the second richest man

Tesla founder Elon Musk is currently the second richest man in the world. The development of Tesla’s shares mainly causes the rocketing growth of its assets. If you would like to see Tesla shares, you can do so here. There are several reasons for the increase, but Musk does not plan to get rid of his shares. On the contrary, he let himself be heard about his new Semi truck. Currently he is working on it. He intends to change the current form of freight transport.

Elon Musk and Tesla vehicles

The words of the eccentric billionaire Elon Musk that Tesla Semi trucks travel over “a thousand kilometers” on a single charge do not seem very original at first glance. First, he talked about reaching 600 miles on a single charge in 2018. Secondly, we know from experience that Musk tends to exaggerate in his conversations.

However, it seems that the meta thousand kilometers with a fully loaded semi truck may not be unbeatable. Even with current technologies. The founder of the car company said this in a recent interview. At present, Tesla Semi can only be pre-ordered with battery packs. It offer either a 300 (480 km) or 500 miles (800 km) range.

What does this mean in practice? Musk is sending a signal that, after his success with cars, he is now focusing on freight transport. For that, the long-range is even more critical, which is, of course, a technological nut. Merely adding more batteries will sharply increase the whole car’s weight. It would increase the range, but reduce the capacity. This will also reduce the space for the load. And it will increase the price of the truck. Of course, the brand is aware of this problem. Musk himself talks about the planned shortage of batteries. It threatens in 2022, when, according to him, demand will ultimately exceed supply.

Tesla Competitors

Nevertheless, the time when Tesla, Elon Musks company, will guarantee a mileage of a thousand kilometers with pre-orders for the Semi model is probably still approaching. Mainly thanks to new technologies. The problem is to be solved by a bundle of batteries, which the company marks 4680. The brand was introduced in September during an event called Battery day. Unfortunately, this has fallen a bit in the media. Everyone has been waiting to introduce entirely revolutionary technologies that would finally reduce batteries’ price to a tolerable level. Electric cars could compete on price with traditional vehicles with internal combustion engines.

Electric car manufacturers continue to play the role of being the world’s most valuable carmaker. Even though it delivered just over 300,000 cars to customers in the first nine months of this year. The mammoth Volkswagen boasts 6.5 million vehicles produced over the same period, and Toyota over 6.7 million. But it’s not hard to imagine the American brand dominating the truck market. Even though it will supply perhaps thousands of trucks worldwide. At the same time, competitors will continue to provide companies with hundreds of thousands of cars with internal combustion and electric engines. For example, the Volvo Group delivered 233,000 trucks last year. It should be borne in mind, however, that the reputation of trucks powered by hydrogen or electricity was successfully trampled by Nikola. It was reluctant to admit that its vehicle was moving in promotional footage only because it was driving downhill.

Second Richest Man

But Elon Musk, the Tesla founder, is probably very much looking forward to such a period. Belief in an unshakable future for electric cars makes him the world’s second-richest man, Bloomberg reports. Only Amazon founder Jeff Bezos is in front of him. The last time we looked at the company’s stock, one security value was $1,300. Since then, there has been a so-called one-to-five split, which is nothing more than dividing one share into five. But that fifth currently costs a staggering $574. Musk holds about a fifth of the company’s stock, and there’s no indication of a sharp fall. Among other things, Joe Biden’s victory in the US presidential election is behind the growth. Biden has promised considerable investments in renewable and charging stations for electric cars.

The United Kingdom has similar plans, presenting its “Green Industrial Revolution” program. It includes the use of wind and nuclear energy, massive support for emission-free vehicles, and public transport transformation, which is no less environmentally demanding. London even intends to ban the sale of new cars and vans with internal combustion engines by 2030. It takes the cards out of hand for all those who see the European Union’s role behind the shift away from coal and internal combustion engines. In addition to better air from the plan, Britain promises to create millions of jobs and a more stable economy.