The meteoric rise of Tesla shares that recently
pushed the company’s value over $100 billion
could turn into a supercharged payday for CEO
Elon Musk.
Stock in Tesla Inc. rose another 4.1% Wednesday,
pushing the market value of the electric vehicle
and solar panel maker past a critical milestone
in Musk’s pay package. He could get a stock
options package worth over $371 million.
Tesla shares closed at $569.56 on Wednesday,
giving the company a market capitalization of
$102.7 billion.
Shares have tripled in value since May, meaning
Tesla’s market capitalization now exceeds the
value of Ford and General Motors, combined.
For Musk, hitting $100 billion in market value
triggers an option to buy 1.69 million shares of