Elon Musk set to cash in at Tesla as deliveries and shares soar

Elon Musk set to cash in at Tesla as deliveries and shares soar

4 years ago
Anonymous $yQ5BfQaAxy

https://www.theguardian.com/technology/2020/jan/18/elon-musk-tesla-fifty-billion-dollar-pay-package-shares-soar

One of the options on a fully loaded Tesla is “ludicrous mode”, a setting offering a 0-60mph acceleration time of 2.8 seconds for drivers who find its “insane mode” too sedate.

To some investors, that’s similar to chief executive Elon Musk’s bonus package: if the electric carmaker’s share price goes above $554.80 – which would value the firm at $100bn, and which it came very close to last week – the mercurial entrepreneur could reap the first $350m instalment of a potential $50bn share-based pay package.