Tesla’s Musk Is Weeks Away From Next Multibillion-Dollar Payout

(Bloomberg) — Tesla Inc.’s surging stock price has already let Chief Executive Officer Elon Musk collect two tranches of his moonshot compensation award, valued at a collective $3.94 billion.Now he’s at most a couple of months away from securing the third, according to the company’s own estimates, lining him up for yet another multibillion-dollar payout.Barring a prolonged drop in share price, the company’s average trailing market capitalization over six months is poised to exceed $200 billion sometime in the third quarter, the electric-car maker said Tuesday in a filing. That will unlock 1.69 million stock options for Musk, worth roughly …read more

Source:: Yahoo Finance

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