Shares in the world’s most highly valued automotive company reached a record high on Monday prior to the news.
As the company he founded continues to surge in value, the Tesla CEO’s net worth has risen above $127 billion.
The Chinese tech giant boasted eye-popping sales, but the event was overshadowed by looming anti-monopoly regulations.
The share windfall, worth nine times CEO Carl Cowling’s base salary, provoked anger among investors.
A 4.75% rise in Amazon’s value boosted the net worth of the world’s richest man by an additional $8.5 billion.