Business
Elon Musk qualifies for $14 billion options payout after Tesla quarterly report – ABC News
Tesla’s quarterly report hits targets qualifying chief executive Elon Musk for two options payouts worth a combined $US11 billion ($14.1 billion).
Tesla’s quarterly report has hit targets qualifying chief executive Elon Musk for two options payouts worth a combined $US11 billion ($14.1 billion).
- Mr Musk receives no salary at Tesla, and his pay package requires Tesla’s market capitalisation and financial growth to hit a series of rising targets
- He now has the option to buy 8.4 million Tesla shares at $US70 each ($89), a discount of more than 90 per cent from their current price
- In its quarterly report after the bell, Tesla said it incurred…
Continue Reading
-
General21 hours agoChina hails PM’s ‘personal efforts’ to restore ties
-
Noosa News23 hours agoCourt orders owner of alleged illegal tobacconists to close businesses for six months
-
Noosa News23 hours agoMisleading ATO statement could have put trio in jail for a decade
-
Noosa News22 hours agoRowers prefer new Olympic site, as premier digs in over Rockhampton