Tesla shares are up 85% so far this year, and that means CEO Elon Musk just qualified for stock options worth more than $700 million.
On Nov. 4 the company was worth $57 billion. But after years of losses, the company has at last proven it can be profitable on a sustained basis. In January, it posted its first annual profit, for 2019. And Tesla reported a profitable first quarter, rather than the loss forecast by analysts, even in the face of the global Covid-19 pandemic which shut down its production and limited sales.
