Tesla (TSLA) CEO Elon Musk has now received access to the first of 12 potential stock option awards from his extensive 2018 compensation plan- and thanks to the stock’s recent rally, these shares are now worth a whopping $775M.To receive his stock options, the company’s market cap had to stay at $100B or more on a 30-day and six-month moving average, alongside trailing four-quarter revenue of $20B or EBITDA of $1.5B.Musk can now purchase 1.7M Tesla shares at $350.02 each, or $591M total. Based on Thursday’s closing price, these shares now have a total value of about $775M. Of course, …read more
Source:: Yahoo Finance
