He’s overtaken Zuckerberg and is now rubbing shoulders with fellow centibillionaires Bezos and Gates – but how is Tesla boss Elon Musk getting so rich?
Elon Musk has overtaken Mark Zuckerberg as the third-richest person in the world. Picture: Brendan Smialowski/AFPTesla’s shares have been on a dizzying rally this year that has seen the company’s market cap more than quadruple.The electric automaker on Monday underwent a 5-for-1 stock split, sending its share price up more than 12 per cent. Tesla’s market cap now sits at $457.4 billion.
In May alone, he qualified for $US700 million . With the recent rise in the Tesla stock price he qualifies for another $US2.1 billion extra – on top of the money he got in May. This now makes the total value of the electric car company bigger than the value of Toyota – even though Toyota makes and sells 9 million cars a year and Tesla sells only about 4 per cent as many as that.
However, Tesla’s financial year results revealed that the company sold fewer cars than the same period last year, and made less revenue than the same period last year.The tech entrepreneur has recently had a son with partner Grimes. Picture: Brendan Smialowski/AFPin the brains of pigs, with leading animal rights advocacy group People for the Ethical Treatment of Animals calling for him to install one in his own brain instead.
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