Wed, 2020-01-15 01:45
SAN FRANCISCO: Tesla CEO Elon Musk is coming close to earning the first $346 million tranche of options in a record-breaking pay package, after the electric vehicle maker’s stock more than doubled in the last three months.
Shares of Tesla surged 9 percent to a record high on Monday. They need to rise another 6 percent to put Tesla’s stock market value at $100 billion and then be sustained at that level for both a one-month and six-month average in order to trigger the vesting of the first of 12 tranches of options granted to Musk to buy Tesla stock.
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