Musk owes the surge to the 11% spike in Tesla stock on Friday, adding $6.1 billion to his overall net worth totaling $70.5 billion. Tesla's stock has risen from $430 to $1,544 per share so far this year, Yahoo Finance reports, and most of Musk's fortune comes from his Tesla stock. Majority of the ownership include Space X accounts at $15 billion.
He's also said Tesla stock is likely overvalued, but that hasn't stopped investors from pushing the price high enough to make it the most valuable vehicle company in the world, despite producing only a small fraction of what traditional automakers churn out.
Musk's pay package lays out a plan that could eventually give him 20.3 million stock options over the course of 10 years.
But the Bloomberg list substantially undervalues Musk's true net worth. Likewise surpassing Buffet were former Microsoft Corporation CEO Steve Ballmer and Google co-founder Larry Page. Buffett has gifted more than US$ 37 billion worth of shares in Berkshire Hathaway, according to various media sources.
Tesla's solid supply figures heightened anticipations of a lucrative second quarter, which would mark the initial time in its record that it would report four consecutive quarters of financial gain.
Looking ahead, five-star analyst Daniel Ives at Wedbush says that although investors will be focusing next on 2Q earnings on July 22, he continues to believe that Battery Day now to be held on September 22 will be a major positive catalyst for the stock. Cook's base salary that year was $3 million, with $7.7 million in bonuses, $884,000 in perks, and the remaining $122.2 million coming from stock awards.
Adrian Wojnarowski Suspended By ESPN, #FreeWoj Trends On Twitter
In his letter to Silver, Hawley suggested players also display messages that support police and the military. When news came down of Wojnarowski's reported suspension, several people came to his defense.