Tesla surpasses $100 billion in value, and Elon Musk gets closer to a big payout

Tesla surpasses $100 billion in value, and Elon Musk gets closer to a big payout

4 years ago
Anonymous $yQ5BfQaAxy

https://www.mercurynews.com/2020/01/22/tesla-surpasses-100-billion-in-value-and-elon-musk-gets-closer-to-a-big-payout/

Tesla reached a historical milestone Wednesday, and it’s one that Chief Executive Elon Musk will probably keep his eyes on for the next several months.

That’s because shortly after stock-market trading began, Tesla’s shares rose as much as 8.6%, to an intraday high of $594.48, to give the company a market capitalization of $107.2 billion. And crossing that $100 billion valuation threshhold sets Musk up for a big potential payout in the form of Tesla stock options.

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