Last week Tesla’s stock price climbed, bringing the net worth of the world’s richest man, Elon Musk, to half a trillion dollars, according to Forbes’ real-time billionaire tracker. It didn’t last. But it was another reminder of the numbing effect of living in a world where the market cap of the high-performing “Magnificent 7” tech stocks of Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Tesla, and Nvidia, are 13-digits strong. ByteDance, the owner of short video app TikTok, is not in the trillion-dollar value range but it is no slouch either. With its US arm up for grabs, the Chinese technology…
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