Elon Musk’s on the brink of a big payday thanks to Tesla’s stock surge

Elon Musk’s on the brink of a big payday thanks to Tesla’s stock surge

4 years ago
Anonymous $yQ5BfQaAxy

https://www.siliconvalley.com/2020/01/14/elon-musks-on-the-brink-of-a-big-payday-thanks-to-teslas-stock-surge/

As Tesla’s stock price continues with its recent surge, Chief Executive Elon Musk is getting closer to what could be the first of a series of big potential paydays for the electric car industry maverick.

With Tesla’s shares reaching as high as $547.41 on Tuesday, and giving the company a market capitalization of $97.8 billion, Tesla is within striking distance of the $100 billion valuation that would trigger a clause in Musk’s compensation package that stands to award him with 1.7 million Tesla stock options worth $346 million, should he choose to sell the shares.