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Tesla's soaring value puts Elon Musk in range of a massive payday

Jan 14, 2020 - Silicon Valley Business News

Tesla Inc. (NASDAQ: TSLA) is doing better than ever, and as a result, CEO Elon Musk is poised to reap a major reward.

As the Palo Alto-based company's share price surged past $500 on Monday, it hit a market cap of about $94.6 billion. Reuters reports that if the automaker reaches $100 billion in value and can sustain that value for both a one-month and a six-month average, Musk could be rewarded with $346 million in stock options that vest.

That would be the first tranche in a set of...