Elon Musk Has Surpassed Warren Buffett's Net Worth -- but This Doesn't Tell the Whole Story
It's been a wild year for the stock market, with the coronavirus pandemic punishing investors, then seemingly rewarding them. In less than a five-week span, the broad-based S&P 500 shed 34% of its value. Then, during the second quarter, the benchmark index recouped most of what it had lost, with the technology-heavy Nasdaq Composite galloping to one record high closing after another.
Mind you, all of this has occurred with the U.S. leading the world in COVID-19 infections, and an unemployment rate of 11.1%, a level not seen consistently since the 1930s. It's been a head-scratcher of a year that just seems to get weirder by the day.
Tesla CEO Elon Musk speaking at the groundbreaking of the Gigafactory in China. Image source: Tesla.
Source Fool.com
