Tesla’s Elon Musk gets closer to potentially massive payday

Tesla’s Elon Musk gets closer to potentially massive payday

4 years ago
Anonymous $9CO2RSACsf

https://www.siliconvalley.com/2020/04/28/teslas-elon-musk-gets-closer-to-potentially-massive-payday/

With Tesla’s share price rallying over the last month, Chief Executive Elon Musk is getting closer to a potential payout that could put more than $700 million into his pocket.

That’s because Tesla’s market valuation of nearly $144 billion has brought the company’s six-month average valuation to around $95 billion. Should Tesla’s stock price continue to rise, and give the company a six-month average valuation of $100 billion, Musk would be in line for a stock-option grant that, if exercised, would be worth more than $700 million to the maverick chief executive.