Tesla boss Elon Musk just qualified for a potential eyewatering 11-figure payout from the company valued at $14.1 billion.
The two potential payouts ($US11 bn) come as the electric car maker beat Wall Street s expectations for first-quarter revenue and profit, boosted by record deliveries, robust demand from China and environmental credit sales.
Charged up by strong sales of its electric cars and SUVs, Tesla today posted its seventh-straight profitable quarter.
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Tesla posted record profits Monday â its third record quarter in a row â as its adjusted earnings reached the $1 billion mark for the first time.(Getty)
The company made $430 million in the three-month period that ended March 31, as sales more than doubled the same period last year to nearly 185,000 vehicles.
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Between February and December, Mr Zuckerberg s personal fortune nearly doubled, and now tips $138 billion.
Mark Zuckerberg is now one of the world s most powerful people, thanks to the incredible rise of Facebook.(AP / Mark Lennihan)
The collective wealth of America s 651 billionaires jumped by over US$1 trillion since roughly the beginning of the COVID-19 pandemic to a total of $4 trillion in early December, according to a US tax watchdog group.
A new report by Americans for Tax Fairness (ATF) laid out what it claimed was a disturbing updraft of wealth to the billionaire class while millions faced eviction, destitution and loss.