Filed under: Earnings/Financials,Tesla
Shares of Tesla Inc jumped more than 8% on Monday, putting Tesla's market capitalization at $141.1 billion at the close. More importantly for Musk, Tesla's stock market value reached a six-month average of $100.2 billion, according to an analysis of Refinitiv data. Hitting a six-month average of $100 billion triggers the vesting of the first of 12 tranches of options granted to the billionaire to buy Tesla stock as part of a pay package agreed in 2018.
Continue reading Tesla stock rise appears to qualify Elon Musk for $700 million payday
Tesla stock rise appears to qualify Elon Musk for $700 million payday originally appeared on Autoblog on Mon, 4 May 2020 20:10:00 EDT. Please see our terms for use of feeds.
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