TOPLINE Apple reported a profit of $23.6 billion in its second quarter, up twofold from a year ago, on record sales of $89.6 billion, blowing past analysts’ expectations as iPhone sales remained strong after a record end to 2020.



<h3 class="wp-block-heading" id="h-key-facts">KEY FACTS</h3>



<ul><li>Apple’s sales were up 53.7% jump from the same quarter last year, exceeding the $77.4 billion <a href="https://finance.yahoo.com/quote/AAPL/analysis?p=AAPL" target="_blank" rel="noreferrer noopener">expected by analysts</a>.</li></ul>



<ul><li>Net earnings were $1.40 per share, also well ahead of the consensus analyst expectation of 99 cents per share.</li></ul>



<ul><li>iPhone sales totaled $47.9 billion, accounting for 53% of Apple’s total revenue, far surpassing the $29 billion reported in the first quarter of 2020 and the $41.7 billion predicted by Wall Street analysts.</li></ul>



<ul><li>Revenue from services like iTunes and the App Store grew 27% to $16.9 billion, and sales of Mac computers, iPads and accessories like AirPods and watches also increased from last year.</li></ul>



<h3 class="wp-block-heading" id="h-crucial-quote">CRUCIAL QUOTE</h3>



“Success was broadly distributed across our product categories,” Apple CEO Tim Cook said in a Wednesday evening conference call.



<h3 class="wp-block-heading" id="h-key-background">KEY BACKGROUND</h3>



In the final three months of last year, Apple logged the&nbsp;<a href="https://www.forbes.com/sites/johnkoetsier/2021/01/27/apples-biggest-quarter-ever-all-the-insane-numbers/">best quarter</a>&nbsp;in its 45-year history, topping $100 billion in total sales and growing revenue for&nbsp;<a href="https://www.cnbc.com/2021/01/27/apple-aapl-earnings-q1-2021.html" target="_blank" rel="noreferrer noopener">virtually every product line</a>. Over&nbsp;<a href="https://www.apple.com/newsroom/pdfs/q4fy15datasum.pdf" target="_blank" rel="noreferrer noopener">the last</a>&nbsp;<a href="https://www.apple.com/newsroom/pdfs/Q1FY17DataSummary.pdf" target="_blank" rel="noreferrer noopener">decade</a>, iPhones have served as the Cupertino, Calif.-based company’s largest driver of revenue. Some&nbsp;<a href="https://www.forbes.com/sites/timbajarin/2020/11/01/will-5g-kick-off-a-smartphone-upgrade-supercycle/?sh=9fcbe876fd2b">observers</a>&nbsp;expected iPhone sales to remain fairly strong at the start of this year, as consumers continue&nbsp;<a href="https://www.wsj.com/articles/apple-aapl-2q-earnings-report-2021-11619572929" target="_blank" rel="noreferrer noopener">upgrading to pricier</a>&nbsp;5G-enabled smartphones. But the company has also&nbsp;<a href="https://www.apple.com/newsroom/pdfs/Q1FY17DataSummary.pdf" target="_blank" rel="noreferrer noopener">rapidly</a>&nbsp;<a href="https://www.apple.com/newsroom/pdfs/FY21%20Q1%20Consolidated%20Financial%20Statements.pdf" target="_blank" rel="noreferrer noopener">increased</a>&nbsp;the share of its revenue from online services, and sales have grown for accessories like watches and AirPods.



<h3 class="wp-block-heading" id="h-tangent">TANGENT</h3>



It’s&nbsp;<a href="https://www.forbes.com/sites/chuckjones/2021/04/28/the-two-most-important-numbers-in-apples-earnings-announcement/?sh=6df247e93b49">not unusual</a>&nbsp;for Apple’s revenue to drop significantly from the end of one year to the beginning of the next, as holiday shopping brings&nbsp;<a href="https://www.apple.com/newsroom/2021/01/apple-reports-first-quarter-results/" target="_blank" rel="noreferrer noopener">consumers into stores</a>&nbsp;and drives&nbsp;<a href="https://www.cnbc.com/2021/01/06/apple-app-store-customers-spent-record-540-million-on-new-years-day.html#:~:text=On%20top%20of%20that%2C%20Apple,for%20its%20Apple%20Books%20app." target="_blank" rel="noreferrer noopener">digital sales</a>.



<h3 class="wp-block-heading" id="h-further-reading">FURTHER READING</h3>



<a href="https://www.forbes.com/sites/chuckjones/2021/04/28/the-two-most-important-numbers-in-apples-earnings-announcement/?sh=6df247e93b49">The Two Most Important Numbers In Apple’s Earnings Announcement (Forbes)</a>



By Joe Walsh, Forbes Staff

Apple_announce-iphone12pro_10132020

Apple Profit Doubles On Record Revenue In Second Quarter As iPhone Sales Beat Expectations

TOPLINE Google parent Alphabet posted first quarter earnings Tuesday of $26.29 per share (versus Wall Street expectations of $15.82 per share) on revenues of $55.31 billion (versus expectations of $51.7 billion), boosted by surge in ad revenues.



<h2 class="wp-block-heading" id="h-key-facts">KEY FACTS</h2>



<ul><li>Alphabet’s reported fiscal first quarter net income of $17.93 billion, or $26.29 a share, almost tripled the net income of $6.84 billion, or $9.87 a share, in the year-ago period.</li></ul>



<ul><li>The first quarter revenues of $55.2 billion represented a 34% jump from the first quarter of 2020.</li></ul>



<ul><li>Google’s total advertising revenues soared by 32% year-over-year to $44.6 billion.</li></ul>



<ul><li>Revenues at Google’s Cloud unit amounted to $4.05 billion (a 46% surge over last year), but slightly below analyst estimates of $4.07 billion, according to financial date firm FactSet.</li></ul>



<ul><li>But ads generated by the YouTube unit totaled $6.01 billion, above expectations of $5.70 billion (according to FactSet unit StreetAccount) and a 49% surge over the prior year, </li></ul>



<ul><li>Traffic acquisition costs (which are payments made to affiliates and online companies for directing traffic to their websites) came in at $9.71 billion versus expectations of $9.25 billion, according to FactSet estimates.</li></ul>



<h4 class="wp-block-heading" id="h-crucial-quote">CRUCIAL QUOTE</h4>



Total revenues in the first quarter “reflect elevated consumer activity online and broad-based growth in advertiser revenue. We’re very pleased with the ongoing momentum in Google Cloud, with revenues of $4 billion in the quarter reflecting strength and opportunity in both [Google Cloud Platform] and [Google Workspace computing software],” said Ruth Porat CFO of Google and Alphabet.



<h4 class="wp-block-heading" id="h-key-background">KEY BACKGROUND</h4>



Alphabet shares climbed about 4% in post-close trading. Google’s Cloud platform, which competes with rivals Microsoft’s Azure and Amazon’s AWS (Amazon Web Services), posted a $974 million operating loss for the quarter, but that compared to a $1.7 billion loss in the prior year. &#8220;In the FAANG [Facebook, Amazon, Apple, Netflix and Alphabet] group Amazon is the only competitor against Alphabet on more than one front and whilst Amazon has a large cloud service in AWS, Google’s ad business dwarfs its rival,&#8221;<a href="https://news.yahoo.com/alphabet-google-youtube-reports-q1-earnings-results-150238095.html" target="_blank" rel="noreferrer noopener">&nbsp;Tom Johnson</a>, chief transformation officer at marketing agency WPP Mindshare, told Yahoo Finance. &#8220;As brands accelerate out of the pandemic, Alphabet’s combined offering… is likely to become even more attractive as more businesses move to direct-to-consumer or hybrid business models leveraging Alphabet’s advertising and cloud services.&#8221;



<h4 class="wp-block-heading" id="h-big-number">BIG NUMBER</h4>



32%. That’s how much Alphabet shares have surged year-to-date, well above the S&amp;P 500&#8217;s return of 11.5%.



<h3 class="wp-block-heading" id="h-surprising-fact">SURPRISING FACT</h3>



While Alphabet jumped by 30.9% in pandemic-afflicted 2020, it underperformed some of its FAANG peers: Apple soared 85%, and Amazon surged about 76%.



<h3 class="wp-block-heading" id="h-tangent">TANGENT</h3>



In March,&nbsp;<a href="https://www.cnbc.com/2021/03/18/google-to-spend-7-billion-in-data-centers-and-office-space-in-2021.html" target="_blank" rel="noreferrer noopener">Google said</a>&nbsp;it would spend $7 billion to expand offices and data centers across 19 states, creating at least 10,000 full-time jobs.



<h4 class="wp-block-heading" id="h-further-reading">FURTHER READING</h4>



<a href="https://www.forbes.com/sites/sergeiklebnikov/2020/01/13/google-parent-alphabet-set-to-hit-1-trillion-in-market-value/">Google Parent Alphabet Is No Longer A $1 Trillion Company After Latest Earnings Miss</a>&nbsp;(Forbes)



<a href="https://www.forbes.com/sites/sergeiklebnikov/2020/02/04/google-parent-alphabet-is-no-longer-a-1-trillion-company-after-latest-earnings-miss/">Google Parent Alphabet Passes $1 Trillion In Market Value</a>&nbsp;(Forbes)



<a href="https://www.forbes.com/sites/sergeiklebnikov/2020/01/13/google-parent-alphabet-set-to-hit-1-trillion-in-market-value/">Google Cofounders Are $14 Billion Richer After Stellar Earnings Report </a>(Forbes)



By Palash Ghosh, Forbes Staff

In this photo illustration the American multinational

Google’s Quarterly Results Smash Expectations

TOPLINE The abrupt ending to the Oscars, which saw the late Chadwick Boseman—the favorite to win the Best Actor prize—&nbsp;<a href="https://www.forbes.com/sites/maddieberg/2021/04/25/chadwick-boseman-snubbed-for-best-actor-oscar/?sh=3e94f2076de6">lose out</a>&nbsp;to Anthony Hopkins, has drawn confused and angry reactions from viewers on social media in what is the latest instance of an Academy Awards ceremony failing to pull off a satisfying ending.



<div class="wp-block-image"><figure class="aligncenter size-large is-resized"><img loading="lazy" decoding="async" src="https://cms.forbesafrica.com/wp-content/uploads/2021/04/GettyImages-1314484181-683x1024.jpg" alt="" class="wp-image-50966" width="436" height="654" srcset="https://cms.forbesafrica.com/wp-content/uploads/2021/04/GettyImages-1314484181-683x1024.jpg 683w, https://cms.forbesafrica.com/wp-content/uploads/2021/04/GettyImages-1314484181-200x300.jpg 200w, https://cms.forbesafrica.com/wp-content/uploads/2021/04/GettyImages-1314484181-768x1152.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2021/04/GettyImages-1314484181-1024x1536.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2021/04/GettyImages-1314484181-1365x2048.jpg 1365w, https://cms.forbesafrica.com/wp-content/uploads/2021/04/GettyImages-1314484181-scaled.jpg 1707w" sizes="(max-width: 436px) 100vw, 436px" /><figcaption>LOS ANGELES, CALIFORNIA – APRIL 25: (EDITORIAL USE ONLY) In this handout photo provided by A.M.P.A.S., a general view of the trophies during the 93rd Annual Academy Awards at Union Station on April 25, 2021 in Los Angeles, California. (Photo by Troy Harvey/A.M.P.A.S. via Getty Images)</figcaption></figure></div>



<h3 class="wp-block-heading" id="h-key-facts">KEY FACTS</h3>



<ul><li>The decision by the Oscars producers to switch the traditional order of the awards—choosing to end with the Best Actress and Best Actor prize instead of the Best Picture—had raised hopes for a memorable posthumous win for Boseman to close out the show.</li></ul>



<ul><li>However, Boseman’s performance in&nbsp;Ma Rainey&#8217;s Black Bottom&nbsp;<a href="https://www.forbes.com/sites/maddieberg/2021/04/25/chadwick-boseman-snubbed-for-best-actor-oscar/?sh=3e94f2076de6">lost out</a>&nbsp;to Hopkins’ role in&nbsp;The Father.</li></ul>



<ul><li>As Hopkins was not in attendance to accept the award, the ceremony ended abruptly after his name was announced, prompting confusion among viewers on Twitter who compared it to other botched finales, like ones from&nbsp;The Sopranos&nbsp;and&nbsp;<a href="https://twitter.com/JoyAnnReid/status/1386520116016320513" target="_blank" rel="noreferrer noopener">Game Of Thrones</a>.</li></ul>



<ul><li>It’s unclear if Steven Soderbergh, who produced this year’s awards, made the decision to switch the order of things expecting an emotional win for Boseman—who had won the top prize at this year’s Golden Globes and SAG Awards.</li></ul>



<ul><li>Viewers on Twitter were&nbsp;<a href="https://twitter.com/mikeryan/status/1386519697412214787" target="_blank" rel="noreferrer noopener">annoyed</a>&nbsp;that the ceremony failed to deliver after it seemed like things were building up to a memorable win for Boseman, and many also&nbsp;<a href="https://twitter.com/davidehrlich/status/1386520238095749129" target="_blank" rel="noreferrer noopener">slammed</a>&nbsp;the snafu for taking away from Hopkins’ big moment as well.</li></ul>



<ul><li>If things had played out in the traditional order, the show would have ended with Chloé Zhao’s&nbsp;Nomadland&nbsp;winning Best Picture, which many&nbsp;<a href="https://twitter.com/leestorrow/status/1386520909222195208" target="_blank" rel="noreferrer noopener">argued</a>&nbsp;would have been a more historic and celebratory moment.</li></ul>



<h3 class="wp-block-heading" id="h-surprising-fact">SURPRISING FACT</h3>



Chloé Zhao won the Oscar for Best Director&nbsp;<a href="https://www.forbes.com/sites/maddieberg/2021/04/25/chlo-zhao-becomes-first-woman-of-color-to-win-best-director-oscar/?sh=3231e9605a40">becoming</a>&nbsp;only the second woman to win the category in 93 years, and the first woman of color to do so.



<h3 class="wp-block-heading" id="h-key-background">KEY BACKGROUND</h3>



Sunday’s botched ending to the ceremony has drawn comparisons to the 89th Academy Awards, where presenters Faye Dunaway and Warren Beatty incorrectly announced that&nbsp;La La Land&nbsp;had won the Best Picture awards. The mistake was fixed several minutes later—after&nbsp;La La Land’s cast and crew had come up to the stage, and a few of them had already delivered their speeches. The film&nbsp;Moonlight&nbsp;was then announced as the actual winner. Apart from the controversial final award, Sunday’s ceremony was swept by Chloe Zhao’s&nbsp;Nomadland, which won the Best Picture prize, along with Zhao winning Best Director and Frances McDormand winning Best Actress for her role in the film.



<h3 class="wp-block-heading" id="h-tangent">TANGENT</h3>



Things weren’t entirely gloomy on social media, as Glenn Close won instant accolades for immediately recognizing the dance single “Da Butt” and doing a&nbsp;<a href="https://twitter.com/laceygilleran/status/1386512616256901123" target="_blank" rel="noreferrer noopener">little jig</a>&nbsp;to it during the ceremony. In a skit during the ceremony, comedian Lil Rel Howery walked around asking a few actors to identify Oscar-nominated songs. When Howery walked up to Close, DJ Questlove played 1988’s “Da Butt” by the Washington D.C. go-go band Experience Unlimited. The song had been featured in one of Spike Lee’s early films,&nbsp;School Daze, a musical set at a fictional historically Black university. Close seemed to recognize the song instantly, and followed it up by&nbsp;<a href="https://twitter.com/laceygilleran/status/1386512616256901123" target="_blank" rel="noreferrer noopener">twerking</a>&nbsp;to the song. The&nbsp;Los Angeles Times&nbsp;has since&nbsp;<a href="https://www.latimes.com/entertainment-arts/movies/story/2021-04-25/oscars-2021-glenn-close-da-butt-dance" target="_blank" rel="noreferrer noopener">confirmed</a>&nbsp;that the moment was scripted for laughs. But it seems to have done its trick and has garnered near-universal approval on social media.



<h3 class="wp-block-heading" id="h-further-reading">FURTHER READING</h3>



<a href="https://www.forbes.com/sites/maddieberg/2021/04/25/chadwick-boseman-snubbed-for-best-actor-oscar/?sh=3e94f2076de6">Chadwick Boseman Loses Best Actor Oscar To Anthony Hopkins</a>&nbsp;(Forbes)



<a href="https://www.forbes.com/sites/maddieberg/2021/04/25/chlo-zhao-becomes-first-woman-of-color-to-win-best-director-oscar/?sh=3231e9605a40">Chloé Zhao Becomes First Woman Of Color To Win Best Director Oscar</a>&nbsp;(Forbes)



<a href="https://www.forbes.com/sites/dawnchmielewski/2021/04/26/netflix-once-again-loses-out-in-best-picture-sweepstakes/?sh=78a2982842eb">Netflix Once Again Loses Out In Best Picture Sweepstakes</a>&nbsp;(Forbes)



<a href="https://www.forbes.com/sites/dawnchmielewski/2021/04/25/oscars-2021-the-live-winners-list/?sh=128f9bcb9e23">Oscars 2021: The Full Winners List</a>&nbsp;(Forbes)



By <a href="https://www.forbes.com/sites/siladityaray/">Siladitya Ray</a>, Forbes Staff

91st Annual Academy Awards – Arrivals

Oscars 2021: Switched Ending And Surprise Chadwick Boseman Loss Prompts Confusion And Anger

TOPLINE Swedish billionaire and Spotify CEO Daniel Ek is launching a bid to take over the English soccer club Arsenal with support from three major former stars of the London-based team, the&nbsp;Telegraph&nbsp;<a href="https://www.telegraph.co.uk/football/2021/04/26/exclusive-spotify-founder-launch-arsenal-takeover-bid-three/" target="_blank" rel="noreferrer noopener">reported</a>, just days after Ek&nbsp;<a href="https://www.forbes.com/sites/sergeiklebnikov/2021/04/23/spotifys-daniel-ek-says-he-would-buy-arsenal-if-billionaire-stan-kroenke-agreed-to-sell/?sh=310146166daf">expressed interes</a>t on Twitter in buying the club from its increasingly unpopular American owners.



<h3 class="wp-block-heading" id="h-key-facts">KEY FACTS</h3>



<ul><li>According to the&nbsp;Telegraph, Ek is teaming up with Arsenal legends Thierry Henry, Dennis Bergkamp and Patrick Vieira—who were part of the famous ‘Invincible’ team that won the Premier League title in 2004—to make the bid.</li></ul>



<ul><li>If Ek’s bid is successful the three former Arsenal stars could return to the club and be part of a new administrative setup, leveraging their knowledge of the club and its fan base, the report adds.</li></ul>



<ul><li>The reported bid comes at a time when the club’s American owner—billionaire Stanley Kroenke—has faced anger from fans for his apparent involvement in the failed attempt to set up the breakaway European Super League.</li></ul>



<ul><li>While Kroenke’s son Josh insisted last week that the club wasn’t for sale, the report suggests that the involvement of three popular club legends in the bid would put pressure on him to at least listen to Ek’s offer.</li></ul>



<ul><li>Forbes&nbsp;has reached out to Ek and Spotify for a comment.</li></ul>



<h3 class="wp-block-heading" id="h-crucial-quote">CRUCIAL QUOTE</h3>



“As a kid growing up, I’ve cheered for Arsenal as long as I can remember,” Ek tweeted last week while fans were protesting against Kroenke&nbsp;<a href="https://twitter.com/eldsjal/status/1385667437929062403?s=20+" target="_blank" rel="noreferrer noopener">outside</a>&nbsp;the club’s stadium. “If KSE [Kroenke Sports &amp; Entertainment] would like to sell Arsenal I&#8217;d be happy to throw my hat in the ring.”



<h3 class="wp-block-heading" id="h-big-number">BIG NUMBER</h3>



$2.8 billion. That’s the amount the London-based soccer club was&nbsp;<a href="https://www.forbes.com/sites/mikeozanian/2021/04/12/the-worlds-most-valuable-soccer-teams-barcelona-on-top-at-48-billion/?sh=434fc0ae16ac">valued</a>&nbsp;at by&nbsp;Forbes&nbsp;earlier this month, and it ranked eighth on the list of the world’s most valuable soccer clubs for 2021. Ek, whose fortune comes from his 9% stake in music streaming giant Spotify—which he co-founded in 2006—has a net worth of $4.7 billion,&nbsp;<a href="https://www.forbes.com/profile/daniel-ek/?sh=1a2efab846ab">according to</a>&nbsp;Forbes’&nbsp;calculations.



<h3 class="wp-block-heading" id="h-contra">CONTRA</h3>



Josh Kroenke, a director at the club, spoke at an Arsenal fans’ forum last week where he apologized to angry supporters for Arsenal’s involvement in the breakaway European Soccer League—which the club has since withdrawn from. But despite demands for them to do so, Kroenke insisted that his family was not looking to sell the club. “When are we going to sell? I am not willing to answer that question because we have no intention of selling,” he said.



<h3 class="wp-block-heading" id="h-key-background">KEY BACKGROUND</h3>



Last week, a group of Europe’s twelve biggest soccer clubs announced their plans to start a breakaway European Super League. Soccer fans across Europe—including fans of the clubs involved in the planned competition—<a href="https://www.forbes.com/sites/daviddawkins/2021/04/20/billionaire-roman-abramovich-pulls-chelsea-out-of-super-league/?sh=47b5928a1a7a">rose up in revolt</a>&nbsp;against the plan. The most vocal opposition came from fans of the six English clubs who had signed up for the league, including Arsenal. The planned league&nbsp;<a href="https://www.forbes.com/sites/roberthart/2021/04/21/shares-tumble-as-europes-soccer-super-league-crumbles-amid-widespread-outrage/?sh=4cf604e13a01">unraveled</a>&nbsp;just 48 hours after it was announced as the six founding English clubs announced their exit following the fan revolt and legislative threats from British Prime Minister Boris Johnson. Fans have continued to denounce the team owners for their involvement in formulating this competition with most of the wrath being directed at American owners of Arsenal, Manchester United and Liverpool. #KroenkeOut was trending on Twitter last week as fans demanded Kroenke divest his ownership of Arsenal. In an&nbsp;<a href="https://www.telegraph.co.uk/football/2021/04/24/thierry-henry-speaks-arsenal-protests-fans-will-decide-future/" target="_blank" rel="noreferrer noopener">interview</a>&nbsp;with the&nbsp;Telegraph&nbsp;last week, Theirry Henry—Arsenal’s all-time top goalscorer—criticized Stan Kroenke and the KSE and said he doesn&#8217;t recognize his club anymore after their involvement in the Super League fiasco. Henry, however, made no mention of his involvement in Ek’s bid at the time.



<h3 class="wp-block-heading" id="h-tangent">TANGENT</h3>



Arsenal owner Stanley Kroenke built a fortune in real estate—much of it from shopping plazas near Walmart stores—and is&nbsp;<a href="https://www.forbes.com/profile/stanley-kroenke/?sh=48321581742c">worth</a>&nbsp;$8.2 billion, according to&nbsp;Forbes. Kroenke runs a global sports empire that also includes the NFL team Los Angeles Rams and the NBA team Denver Nuggets.



<h3 class="wp-block-heading" id="h-further-reading">FURTHER READING</h3>



<a href="https://www.telegraph.co.uk/football/2021/04/26/exclusive-spotify-founder-launch-arsenal-takeover-bid-three/" target="_blank" rel="noreferrer noopener">Spotify founder to launch Arsenal takeover bid with three former &#8216;Invincibles&#8217;</a>&nbsp;(The Telegraph)



<a href="https://www.forbes.com/sites/sergeiklebnikov/2021/04/23/spotifys-daniel-ek-says-he-would-buy-arsenal-if-billionaire-stan-kroenke-agreed-to-sell/?sh=310146166daf">Spotify’s Daniel Ek Says He Would Buy Arsenal If Billionaire Stan Kroenke Agreed To Sell</a>&nbsp;(Forbes)

Samsung Unveils New Galaxy Note Smart Phone

Spotify’s CEO Is Reportedly Teaming Up With Three Arsenal Legends To Make A Bid For English Soccer Club

hqdefault

Simone Biles On How She’s Grown Throughout Her Career | Forbes

Vaccine Passports & Big Tech: Why Your Privacy Is At Serious Risk – Steve Forbes | Forbes

The five top-earning Oscar nominated actors earned a combined $41 million over the past 12 months—less than half the $87.5 million the Rock made last year as the world’s highest-paid actor.



Make art or make money — that’s been the conundrum for A-list actors going back to the days of the first talkies. And unlike the tumult that has rocked the movie business in the past year, that is one Hollywood tradition that has remained entrenched and unmovable.&nbsp;&nbsp;



The five top-earning Oscar nominated actors this year made a combined $41 million over the past 12 months—less than half of the $87.5 million&nbsp;<a href="https://www.forbes.com/sites/maddieberg/2020/08/11/the-highest-paid-actors-of-2020-dwayne-johnson-ryan-reynolds/?sh=2daa50ec112b">the highest-paid actor</a>&nbsp;Dwayne Johnson (The Rock) earned last year. Only one of them, Viola Davis, made last year’s lists of top-earning actors or&nbsp;<a href="https://www.forbes.com/sites/maddieberg/2020/10/02/the-highest-paid-actresses-2020-small-screen-stars-like-sofia-vergara-ellen-pompeo-and-elisabeth-moss-shine/">actresses</a>, and it was thanks to her television role on&nbsp;How To Get Away With Murder, not her nominated starturn in&nbsp;Ma Rainey’s Black Bottom.



“In a world where accomplished performers have decent choices, the material and the talented director often mean more than the money,” says Ken Ziffren, a partner at leading entertainment law firm Ziffren Brittenham. “To get nominated, even though they may not win, by SAG or for the Oscars, can also materially improve economics in the future.”&nbsp;&nbsp;



The top-earning Oscar contender, Sacha Baron Cohen, illustrates the dichotomy between the popular and the films deemed award-worthy. He is nominated for two Academy Awards on Sunday night: One for his role as political activist Abbie Hoffman in the drama The Trial of the Chicago 7, andthe other for writing the adapted screenplay for Borat Subsequent Moviefilm, a sequel to the hit 2006 comedy, Borat, which Amazon acquired for $80 million. 



The statuettes he’s up for may look the same, but the money he made doing the two films couldn’t be more different: He earned about $20 million for&nbsp;Borat —&nbsp;twenty times the $1 million he received for&nbsp;Trial.&nbsp;The yawning pay discrepancy illustrates the choice that industry players have had to make for decades: do a big-budget blockbuster for fat cash or a prestige film for acclaim and, less cynically, the love of the craft. In rare cases, as with&nbsp;Borat, the two can overlap, but more often than not, the performers vying for an Oscar aren’t taking those roles for the money.



That said, an Oscar win is often the right mix of publicity and validation to help increase future earnings potential. Take Angelina Jolie, who was&nbsp;<a href="https://www.forbes.com/sites/maddieberg/2020/10/02/the-highest-paid-actresses-2020-small-screen-stars-like-sofia-vergara-ellen-pompeo-and-elisabeth-moss-shine/">the world’s second highest-paid actress</a>&nbsp;last year with $35.5 million in earnings. Prior to her Academy Award-winning performance in&nbsp;Girl, Interrupted, Jolie had mainly acted in independent films that failed to garner a wide audience—or big paychecks. Her supporting actress win in 1999 changed her fortunes: She landed the titular character in the 2001 video-game inspired adventure film&nbsp;Lara Croft: Tomb Raider.&nbsp;By 2004, she was commanding $10 million per role, plus backend, for big budget flicks, and that number has only gone up since.&nbsp;Forbes&nbsp;estimates she received $20 million for her recent starturn in&nbsp;Maleficent 2.&nbsp;More recently, 20016 Oscar winner Brie Larson moved on from smaller budget fare to join the Marvel Cinematic Universe as Captain Marvel. Her first starturn as the superhero, 2019’s&nbsp;Captain Marvel, was the first female-led superhero film to gross over $1 billion at the box office.&nbsp;Forbes&nbsp;estimates she made more than $10 million in total for the film.&nbsp;



Here’s a look at this year’s Oscar paydays:



<h2 class="has-text-align-center wp-block-heading" id="h-5-daniel-kaluuya-3-million">#5 | Daniel Kaluuya: $3 million</h2>



<div class="wp-block-image"><figure class="aligncenter size-large is-resized"><img loading="lazy" decoding="async" src="https://www.forbesafrica.com/wp-content/uploads/2021/04/GettyImages-1313212178-1024x576.jpg" alt="" class="wp-image-50907" width="622" height="349" srcset="https://cms.forbesafrica.com/wp-content/uploads/2021/04/GettyImages-1313212178-1024x576.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2021/04/GettyImages-1313212178-300x169.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2021/04/GettyImages-1313212178-768x432.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2021/04/GettyImages-1313212178-1536x864.jpg 1536w, https://cms.forbesafrica.com/wp-content/uploads/2021/04/GettyImages-1313212178-2048x1152.jpg 2048w" sizes="(max-width: 622px) 100vw, 622px" /><figcaption> (Photo by GALECA.org/via Getty Images)</figcaption></figure></div>



After earning his first Oscar nomination in 2018 for starring in Get Out, Kaluuya is the favorite to win the award for best supporting actor this year for his role in Judas and the Black Messiah. While he and co-star LaKeith Stanfield earned the same amount of money for their work on the project, Kaluuya collected an extra check for an XBox ad based on his Get Out role.



<h2 class="has-text-align-center wp-block-heading" id="h-4-glenn-close-4-5-million">#4 | Glenn Close: $4.5 million</h2>



<div class="wp-block-image"><figure class="aligncenter size-large is-resized"><img loading="lazy" decoding="async" src="https://www.forbesafrica.com/wp-content/uploads/2021/04/GettyImages-1310835879-1024x576.jpg" alt="" class="wp-image-50908" width="690" height="388" srcset="https://cms.forbesafrica.com/wp-content/uploads/2021/04/GettyImages-1310835879-1024x576.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2021/04/GettyImages-1310835879-300x169.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2021/04/GettyImages-1310835879-768x432.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2021/04/GettyImages-1310835879-1536x864.jpg 1536w, https://cms.forbesafrica.com/wp-content/uploads/2021/04/GettyImages-1310835879-2048x1152.jpg 2048w" sizes="(max-width: 690px) 100vw, 690px" /><figcaption>. (Photo by 27th Annual SAG Awards/Getty Images for WarnerMedia)</figcaption></figure></div>



While Hillbilly Elegy may have failed to be a critical favorite as Netflix hoped, one of the film’s stars, Glenn Close, still got her Oscar nomination. Fees for the eight-time Oscar nominee and her co-star Amy Adams likely commanded about 10% of the film’s $45 million budget. Indie flick Four Good Days also contributed to her payday.



<h2 class="has-text-align-center wp-block-heading" id="h-3-chadwick-boseman-5-million">#3 | Chadwick Boseman: $5 million</h2>



<div class="wp-block-image"><figure class="aligncenter size-large is-resized"><img loading="lazy" decoding="async" src="https://www.forbesafrica.com/wp-content/uploads/2020/08/GettyImages-915935210-1024x683.jpg" alt="" class="wp-image-47417" width="741" height="494" srcset="https://cms.forbesafrica.com/wp-content/uploads/2020/08/GettyImages-915935210-1024x683.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2020/08/GettyImages-915935210-scaled-300x200.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2020/08/GettyImages-915935210-scaled-600x400.jpg 600w, https://cms.forbesafrica.com/wp-content/uploads/2020/08/GettyImages-915935210-768x512.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2020/08/GettyImages-915935210-1536x1024.jpg 1536w, https://cms.forbesafrica.com/wp-content/uploads/2020/08/GettyImages-915935210-2048x1365.jpg 2048w" sizes="(max-width: 741px) 100vw, 741px" /><figcaption> (Photo by Gareth Cattermole/Getty Images for Disney)</figcaption></figure></div>



The late star, who died in August 2020 from colon cancer at age 43, worked until his final days and was nominated for his portrayal of Levee, an ambitious horn player in Ma Rainney’s Black Bottom, which was released posthumously. A certified commercial star after his role as T’Challa in Black Panther, this is his first Academy Award nomination. Boseman also collected a check for a supporting role in Spike Lee’s Da 5 Bloods. 



<h2 class="has-text-align-center wp-block-heading" id="h-2-viola-davis-7-million">#2 | Viola Davis: $7 million</h2>



<div class="wp-block-image"><figure class="aligncenter size-large is-resized"><img loading="lazy" decoding="async" src="https://www.forbesafrica.com/wp-content/uploads/2021/04/GettyImages-1311362100-1024x576.jpg" alt="" class="wp-image-50909" width="661" height="371" srcset="https://cms.forbesafrica.com/wp-content/uploads/2021/04/GettyImages-1311362100-1024x576.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2021/04/GettyImages-1311362100-300x169.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2021/04/GettyImages-1311362100-768x432.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2021/04/GettyImages-1311362100-1536x864.jpg 1536w, https://cms.forbesafrica.com/wp-content/uploads/2021/04/GettyImages-1311362100-2048x1152.jpg 2048w" sizes="(max-width: 661px) 100vw, 661px" /><figcaption>. (Photo by AAFCA 2021 via Getty Images)</figcaption></figure></div>



Davis can command top dollar for buzzy television roles—like that of Annalise Keating in How to Get Away with Murder—and her L’Oreal campaign but takes smaller checks for passion projects. That said, after winning an Oscar in 2017 for her last role in another August Wilson adaptation, Fences, she was likely able to negotiate a raise for her nominated role in Ma Rainey’s Black Bottom. Forbes estimates her paycheck for that film to be $3 million. 



<h2 class="has-text-align-center wp-block-heading" id="h-1-sacha-baron-cohen-22-million">#1 | Sacha Baron Cohen: $22 Million</h2>



<div class="wp-block-image"><figure class="aligncenter size-large is-resized"><img loading="lazy" decoding="async" src="https://www.forbesafrica.com/wp-content/uploads/2021/04/GettyImages-1312531620-1024x576.jpg" alt="" class="wp-image-50910" width="717" height="403" srcset="https://cms.forbesafrica.com/wp-content/uploads/2021/04/GettyImages-1312531620-1024x576.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2021/04/GettyImages-1312531620-300x169.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2021/04/GettyImages-1312531620-768x432.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2021/04/GettyImages-1312531620-1536x864.jpg 1536w, https://cms.forbesafrica.com/wp-content/uploads/2021/04/GettyImages-1312531620.jpg 1920w" sizes="(max-width: 717px) 100vw, 717px" /><figcaption> (Photo by The Hollywood Reporter LLC via Getty Images)</figcaption></figure></div>



Amazon reportedly shelled out more than $70 million for the mockumentary Borat Subsequent Moviefilm, and as the star, producer and writer, Baron Cohen got an impressive cut of the profits. For Aaron Sorkin’s highbrow drama about the trial of a group of Vietnam War protesters accused of inciting riots during the 1968 Democratic National Convention in Chicago, meanwhile, “everyone worked for a fraction of what they are usually paid,” one top entertainment agent said.



METHODOLOGY: The earnings above are pretax and fees, and reflect all projects that have been released in the past 12 months. Earnings estimates are based on data from MRC Data, Box Office Mojo and IMDB, as well as interviews with industry insiders



By Madeline Berg, Forbes Staff



By Dawn Chmielewski, Forbes Staff

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As the pandemic began to rage a year ago, the biopharma industry responded in unprecedented fashion. Life sciences companies raced to find a solution to the nightmare virus, and promising vaccine efforts soon emerged. The stocks of the companies with the best vaccine candidates soared, and many of their executives rushed to sell shares with a fury that generated scrutiny.



There has been one huge exception. Uğur Şahin, the CEO and scientist behind the first Covid-19 vaccine authorized in the U.S., has not sold a single share of his company’s booming stock during the pandemic, Securities and Exchange Commission filings show.



Şahin’s decision to not sell any of his BioNTech shares stands in stark contrast to the large stock sales of some of the most prominent scientists and entrepreneurs whose biotechnology companies developed vaccines against the virus, particularly Moderna Therapeutics. It also reflects Şahin’s general approach to life and business. He is a CEO who&nbsp;<a href="https://www.nytimes.com/2020/11/10/business/biontech-covid-vaccine.html" target="_blank" rel="noreferrer noopener">lives in a modest apartment</a>&nbsp;in the German town of Mainz, rides his bicycle to work and doesn’t own a car. He describes himself on his&nbsp;<a href="https://www.linkedin.com/in/ugur-sahin-65905917/?originalSubdomain=de" target="_blank" rel="noreferrer noopener">LinkedIn page</a>&nbsp;first and foremost as a translational oncology professor at University Medical Center Mainz. Şahin accepts the financial edifice that surrounds biotechnology innovation—the venture fundraising, IPOs and merger deals. He&nbsp;<a href="https://www.ft.com/content/6633221e-3b28-4a15-b02d-958854644c79" target="_blank" rel="noreferrer noopener">reportedly</a>&nbsp;learned the business aspects of biotechnology from online videos and reading a&nbsp;Business Plans for Dummies&nbsp;book. But in the end, Şahin is in it for the science and the patients. &nbsp;



In its hour of greatest need, Şahin emerged from relative obscurity to provide the world with a game-changing vaccine that could save lives and tame the pandemic. As early as January 2020, Şahin became convinced Covid-19 would become a deadly pandemic and pivoted BioNTech to create a messenger RNA vaccine to combat it. He then partnered with U.S. pharmaceutical giant Pfizer&nbsp;<a href="https://www.forbes.com/companies/pfizer" target="_blank" rel="noreferrer noopener">PFE</a>&nbsp;<a href="https://www.forbes.com/companies/pfizer">+0.3%</a>&nbsp;to develop and supply 3 billion doses of the vaccine to the world by the end of 2021.



The Pfizer-BioNTech vaccine has radically changed Wall Street’s perception of BioNTech. In the months prior to the pandemic,&nbsp;<a href="https://www.forbes.com/sites/nathanvardi/2020/06/01/ugur-sahin-becomes-a-billionaire-on-hopes-for-technology-behind-covid-19-vaccine/">Şahin had come to New York</a>&nbsp;to sell investors on BioNTech’s stock as the company launched its initial public offering by listing on Nasdaq&nbsp;<a href="https://www.forbes.com/companies/nasdaq" target="_blank" rel="noreferrer noopener">NDAQ</a>&nbsp;<a href="https://www.forbes.com/companies/nasdaq">+0.7%</a>. At the time, BioNTech was a decade-old company that had yet to develop a single approved product from its mRNA and immunotherapy technologies. Şahin received a cool reception in the stock market, which initially valued BioNTech at $3.4 billion. With the development of the vaccine, however, BioNTech’s stock has risen by 900% since its 2019 IPO and today the company is valued at $37 billion. BioNTech now expects to generate $11.5 billion of revenue under deals for the vaccine that have already been struck. On paper, Şahin’s BioNTech stake is worth $6.1 billion. &nbsp;MORE FOR YOU<a href="https://www.forbes.com/sites/nathanvardi/2021/04/02/how-troubled-trader-bill-hwang-quietly-amassed-10-billion/">How Troubled Trader Bill Hwang Quietly Amassed $10 Billion</a><a href="https://www.forbes.com/sites/nathanvardi/2021/04/08/how-indiana-university-bros-fueled-a-hollywood-actors-690-million-ponzi-scheme/">How Indiana University Bros Fueled A Hollywood Actor’s $690 Million Ponzi Scheme</a><a href="https://www.forbes.com/sites/nathanvardi/2021/03/12/pfizer-ceo-albert-bourla-helped-save-the-world-can-he-save-his-companys-stock/">Pfizer CEO Albert Bourla Helped Save The World. Can He Save His Company’s Stock?</a>



Filings made to the Securities &amp; Exchange Commission in February and March show that Şahin controls 41.66 million BioNTech shares, a 17% stake, through Medine GmbH, a limited liability company he solely owns. Medine holds a relatively small number of shares for “a former colleague” and transferred 27,540 shares held for other colleagues to their beneficiaries under trust arrangements late last year. But amid this stock transfer, a&nbsp;<a href="https://www.sec.gov/Archives/edgar/data/0001776985/000119312521044856/d329239dsc13ga.htm" target="_blank" rel="noreferrer noopener">securities filing</a>&nbsp;in February made sure to point out that “Neither Medine GbmH nor Prof. Ugur Sahin, M.D. has sold any ordinary shares since February 13, 2020,” the eve of the pandemic. Such worded disclosures are not common in securities filings. Şahin, who declined to comment, appears to have wanted people to understand he wasn’t selling any BioNTech stock.&nbsp;&nbsp;



Last year, executives and directors of companies like Moderna, Pfizer and Novavax&nbsp;<a href="https://www.forbes.com/companies/novavax" target="_blank" rel="noreferrer noopener">NVAX</a>&nbsp;<a href="https://www.forbes.com/companies/novavax">-6%</a>&nbsp;realized stock gains linked to investor enthusiasm around the vaccines by selling nearly $500 million of stock,&nbsp;<a href="https://www.wsj.com/articles/insiders-at-covid-19-vaccine-makers-sold-nearly-500-million-of-stock-last-year-11613557801" target="_blank" rel="noreferrer noopener">the&nbsp;Wall Street Journal&nbsp;reported</a>. The selling has continued this year. Moderna CEO Stephane Bancel has sold more than $150 million of Moderna stock since the start of the pandemic. He still owns just under 8% of Moderna. Tal Zaks has sold more than $100 million of Moderna stock, nearly all the shares he had accumulated since becoming Moderna’s chief medical officer in 2015.



Moderna has consistently explained that all executive stock sales are made through preset trading plans established under securities regulatory rule 10b5-1, which legally allows corporate insiders to periodically sell a predetermined number of shares, often tied to certain share price targets being attained.



In November, Pfizer CEO&nbsp;<a href="https://www.wsj.com/articles/pfizer-ceo-joins-host-of-executives-at-covid-19-vaccine-makers-in-big-stock-sale-11605139164?mod=article_inline" target="_blank" rel="noreferrer noopener">Albert Bourla sold</a>&nbsp;about 60% of his stock in the company for about $5.6 million under a preset 10b5-1 plan. The sale came on the same day that Pfizer announced key clinical results showing that its Covid-19 vaccine was more than 90% effective. Bourla’s share sale had been authorized in February 2020 and updated in August. A few days later,&nbsp;<a href="https://www.wsj.com/articles/sec-chairman-urges-corporate-insiders-to-avoid-quick-stock-sales-11605637892?mod=article_inline" target="_blank" rel="noreferrer noopener">Jay Clayton, then chairman of the SEC, suggested</a>&nbsp;corporate executives not trade in their company’s stock immediately after preset trading plans are established. At a Senate hearing, Clayton called for a “cooling-off” period, but did not specify the length of such an interval. “Whether that’s four months so you cover a full quarter, or it’s six months—I can make arguments for either,” Clayton said. There was also some concern the insider stock sales by Moderna and Pfizer might undermine the public perception of their vaccines as crucial public health tools. &nbsp;



For his part, Şahin has not sold any BioNTech stock in the last 18 months. The post-IPO lockup of his BioNTech shares expired around the start of the pandemic, securities filings show, and he was free to sell. As a result of hanging on to all the shares, ironically, he is for now much richer—at least on paper—given the continued surge of BioNTech’s stock price. He certainly believes the company’s cutting-edge technology will lead to the development of therapies and vaccines for other diseases.



“Our way of developing our technologies is not based on the idea of a single-trick pony,” Şahin told investors on a Wall Street call in March. “Rather, our goal from the very beginning was to build a novel industrial approach for precision pharmaceuticals that can address medical need in multiple disease areas.”



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Billionaire Elon Musk saw his net worth fall on Monday, as shares of his electric car company dropped following reports that two people died in a fatal Tesla&nbsp;<a href="https://www.forbes.com/companies/tesla" target="_blank" rel="noreferrer noopener">TSLA</a>&nbsp;<a href="https://www.forbes.com/companies/tesla">-3.4%</a>&nbsp;crash over the weekend.



Shares of Tesla were down 3.8% as of 3:45 p.m. EST on Monday, shaving $5.6 billion off Musk’s fortune.&nbsp;He’s now worth $174.1 billion, according to&nbsp;Forbes&nbsp;estimates. The Tesla CEO and cofounder is the third-richest person in the world—behind Amazon&nbsp;<a href="https://www.forbes.com/companies/amazon" target="_blank" rel="noreferrer noopener">AMZN</a>&nbsp;<a href="https://www.forbes.com/companies/amazon">-0.8%</a>&nbsp;CEO Jeff Bezos, who has a net worth of $195.9 billion, and French luxury goods tycoon Bernard Arnault, who is worth $180.3 billion.



Tesla’s stock fell on Monday amid&nbsp;<a href="https://www.reuters.com/business/autos-transportation/two-dead-tesla-crash-texas-that-was-believed-be-driverless-wsj-2021-04-18/" target="_blank" rel="noreferrer noopener">reports</a>&nbsp;that two men died after their 2019 Tesla Model S crashed into a tree north of Houston on Saturday night. Local authorities said that they believed the vehicle was operating without anyone in the driver’s seat—with one of the men reportedly in the front passenger’s seat and the other in the back seat of the Tesla. The vehicle was traveling at high speeds along a curve before veering off the road and bursting into flames at around 11:25 p.m., police said.



Harris County Precinct 4 Constable Mark Herman told the media in a statement that it took emergency crews about four hours to put out the Model S fire, saying that the team even contacted Tesla for help. While electric vehicles are not necessarily more dangerous than gas-powered vehicles, high-voltage lithium batteries like the ones used in Tesla can&nbsp;<a href="https://www.ntsb.gov/safety/safety-studies/Documents/SR2001.pdf" target="_blank" rel="noreferrer noopener">reignite even after an initial fire is put out</a>, according to the National Transportation Safety Board.



<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Two men killed after Tesla that may have been in autonomous driving or self driving mode didn’t adhere to a curve, slammed into a tree then burst into flames in the Woodlands, officials say. Firefighters say they had to call Tesla to figure out how to oust the blaze. <a href="https://twitter.com/KPRC2?ref_src=twsrc%5Etfw">@KPRC2</a> <a href="https://t.co/nmhDxKeTHT">pic.twitter.com/nmhDxKeTHT</a>&mdash; Deven Clarke (@KPRC2Deven) <a href="https://twitter.com/KPRC2Deven/status/1383791730575638542?ref_src=twsrc%5Etfw">April 18, 2021</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



The crash also raises further questions about Tesla’s Autopilot feature. Authorities were not yet certain if Autopilot was active during the crash which killed the two men, aged 59 and 69, respectively. Nonetheless, the company’s semiautomated driving system has faced mounting scrutiny following a&nbsp;<a href="https://www.wsj.com/articles/tesla-crash-suspected-of-involving-autopilot-draws-investigation-11616030206?mod=article_inline" target="_blank" rel="noreferrer noopener">series of accidents</a>&nbsp;involving Tesla vehicles in recent months. The National Highway Traffic Safety Administration said last month that it had launched more than two dozen investigations into crashes of Tesla vehicles, and on Monday&nbsp;<a href="https://news.yahoo.com/fatal-tesla-crash-driverless-200259765.html" target="_blank" rel="noreferrer noopener">said</a>&nbsp;that it would also be investigating the most recent crash north of Houston.



Tesla, which does not have a media relations department, does not appear to have issued any statements in the wake of the accident. Both the company and its billionaire CEO, however, have repeatedly&nbsp;<a href="https://www.tesla.com/VehicleSafetyReport" target="_blank" rel="noreferrer noopener">touted the safety</a>&nbsp;of Tesla vehicles and the Autopilot feature. Musk, who is active on Twitter with nearly 52 million followers,&nbsp;<a href="https://twitter.com/elonmusk/status/1383548841438236674?s=20" target="_blank" rel="noreferrer noopener">posted</a>&nbsp;on Saturday afternoon prior to the accident that a Tesla with Autopilot engaged is nearly ten times less likely to be involved in an accident than an average car.



Update 6:45 pm EST, April 19: Later on Monday, Musk&nbsp;<a href="https://twitter.com/elonmusk/status/1384254194975010826?s=20" target="_blank" rel="noreferrer noopener">posted</a>&nbsp;on Twitter denying that Tesla’s Autopilot feature was involved in the crash. Data logs recovered from the accident “show Autopilot was not enabled” and that the car did not purchase Full Self-Driving (FSD), the Tesla CEO said in his tweet. “Moreover, standard Autopilot would require lane lines to turn on, which this street did not have,” Musk wrote.



By <a href="https://www.forbes.com/sites/sergeiklebnikov/" target="_blank" rel="noreferrer noopener">Sergei Klebnikov</a>,Forbes Staff

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