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Thanks to Tesla's series of success, CEO Elon Musk has earned the first tranche of a long-term compensation plan, which is linked to the achievement of certain targets, for example in the stock market value or in Tesla's sales performance. The company announced this to the SEC.
The first tranche therefore comprises 1.7 million Tesla shares, the last closing price of which was just under $ 806 and which Musk could now purchase at the option price of $ 350. The difference would result in a book profit of approximately $ 775 million. However, Musk must keep the papers for at least five years. | more
