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Tesla stock surge may lead to $1.7B payday for Elon Musk

Tesla stock surge may lead to $1.7B payday for Elon Musk

Tesla’s stock surge has put $1.7bn payday within the reach of CEO Musk. The shares of Tesla have soared 40% in the past week, with a market cap of $253bn. Key factor for Musk is that Tesla’s six-month stock avg when reaches $150bn, will trigger the second tranche of his $50bn pay package. At Tesla’s CMP of $1,365.88, Musk would be able to cash in the shares for a profit of $1.7bn per tranche.

Milan
Milan
O'Brien
O'Brien 1 months

Wonder what he’ll do with it seeing he’s simplifying and downsizing his material possessions.

Andrew 1010
Andrew 1010 1 months

Can't say he didn't earn it. He makes good business and he's undoubtedly earned some good money.

Macius
Macius 1 months

It must be amazing feeling knowing $1.7 billion is coming your way. Good for him

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