Musk: Tesla will have fully-autonomous technology this year

Billionaire Musk's net worth zooms past Warren Buffett's- Bloomberg News

Musk doesn't take a regular salary from Tesla, whose stock closed at a record $1,544.65 Friday.

Elon Musk's internet worthy of soared past Warren Buffett on Friday as the chief government officer of Tesla Inc (TSLA.O) grew to become the seventh richest person in the globe, in accordance to the Bloomberg Billionaires Index.

Musk's pay package lays out a plan that could eventually give him 20.3 million stock options over the course of 10 years. At Tesla's current stock price of $1,397, Musk would theoretically be able to sell the shares related to the tranche that vested in May and the upcoming tranche for a combined profit of over $3.5 billion, or $1.8 billion per tranche, the news service reported. CEO and Google co-founders Larry Page and Brin also have surpassed Buffett.

The switch with Buffet came in the same week as he donated $2.9 billion of Berkshire Hathaway's stock to charity.

"The economy is grinding, slowing down, we're lurching in and out of Covid, yet the tech market makes new highs every day".

The Oracle of Omaha has given away $37 billion in shares since 2006.

As far as Apple's CEO competitors from the tech industry are concerned, the closest in the new charts published by Bloomberg is Intel CEO Robert Swan with $99 million a year ago, followed by Alphabet's Sundai Pichai with over $86 million.

The company now has a market capitalisation of about $250bn.

The Gigafactory in Shanghai is hinted to be where the production of the Model Y cars will happen, primarily catering the Chinese clientele.