By Reuters | San Francisco |
Tesla is making Elon Musk a lot richer without paying him a dime.
A blistering stock rally has bolstered the value of CEO Musk's 19 per cent stake in the electric car maker by $16 billion since the start of 2020, to $30 billion (23 billion pounds).
Tuesday's steep climb in the share price could sweeten Musk's payday under his record-breaking compensation package, which is built on stock options that rely on market value targets.
Two milestones have now been achieved that could see Musk unlock options worth $1.8 billion. The.
This article is no longer available in our repository.
There could be multiple reasons for this.
You could try searching for this headline on the source website (bloomberg.com).