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