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For much of 2020, Elon Musk remained focused on SpaceX, the aerospace company he founded with the goal of reducing space transportation costs to enable the colonization of Mars. While SpaceX was achieving significant milestones, including successful crewed flights to the International Space Station, it was the electric vehicle manufacturer Tesla that became the primary engine for Musk's explosive gain in wealth that year. The year began with Tesla navigating the challenges of the lockdown, but it quickly turned into a period of remarkable recovery and expansion. In the second quarter of 2020, Tesla reported its first-ever profitable quarter, a feat that silenced many skeptics and sent the stock soaring. This profitability was the catalyst for a bull run that saw Tesla's valuation multiply several times over in the latter half of the year.
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