Tesla slashes Model Y price

Musk Richer Than Buffet

Elon Musk is officially richer than Warren Buffett. Tesla stock, of which Musk is the largest holder, continues to hit record highs. Musk is worth 70-billion dollars. Tesla stock is up 259% in 2020 compared with the benchmark S&P 500 index's 1% gain. Buffett, meanwhile, donated almost $3 billion of Berkshire Hathaway stock, causing his riches to shrink.

Tesla slashes Model Y price amid pandemic

The discount comes months after Tesla cut the prices for its Models 3, X, and S. This report produced by Zachary Goelman.

Elon Musk Richer Than Warren Buffett

(CNN) Tesla CEO Elon Musk just zoomed past Warren Buffett on the Bloomberg Billionaires Index to become the world's seventh wealthiest person. Musk's fortune rose more than $6 billion Friday after Tesla's stock surged 11% to a record $1,544 per share, according to Bloomberg. At the same time, Buffett's fortune fell this week after he donated nearly $3 billion worth of Berkshire Hathaway stock to charity — part of his plan to give away most of his wealth to philanthropic ventures.

Tesla's Stock Surges 233%, First Stock With $20 Billion Short Bet

According to Markets Insider, Tesla is in the position to become the first company to have a $20 billion bet against it by short-sellers. This is based on data from the financial analytics firm, S3 partners. So far, Tesla's stock shot up by 233% this year. The value of Tesla shares that have sold short climbed to $19.95 billion Tesla could also soon see a short squeeze, shooting it's stock prices up higher.

Democrats blast Trump for Stone commutation

[NFA] Democrats condemned Trump's decision to commute Roger Stone's prison sentence as an assault on the rule of law. Fred Katayama reports.