Tesla CEO Elon Musk has cashed in the first portion of an incentive-based stock options payout for keeping the company’s market capitalization at $100…
Tesla CEO Elon Musk has cashed in the first portion of an incentive-based stock options payout for keeping the company’s market capitalization at $100 billion along with hitting revenue milestones. The award is valued at about $775 million.
CNBC reports that Tesla CEO Elon Musk has earned the first part of a huge incentive payout according to documents filed with the Securities and Exchange Commission on Thursday. The payouts are linked to 1.7 million shares of Tesla which are valued at around $775 million based on Thursday’s closing market value.
