Elon Musk's Tesla gets its first $1B quarterly profit & is now worth $630B

Elon Musk, founder of Tesla, is the world's third richest man.

Tesla's quarterly profit has surpassed $1billion for the first time thanks to the electric car pioneer's ability to navigate through a pandemic-driven computer chip shortage that has caused major headaches for other automakers. 

Tesla now boasts a market value of roughly $630billion, far more than any other automaker and 14 times more than what the company was worth just two years ago. 

Its mercurial CEO, Elon Musk, is now sitting on the world's third largest fortune at an estimated $163billion, according to Forbes magazine's calculations.