Tesla Shares Only Need 10% Bump for Elon Musk's $ 1 Billion Bonus, Crypto Coins News
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Elon Musk is now on course to hitting all milestones this year, if not this month.
The first set of targets in the generous pay package plan that Tesla’s board signed off in was supposed to have been realized by (**************************************.
There are nearly as many Tesla analysts screaming SELL as those issuing a BUY rating.
After closing Friday at $ (*********************************************************, Tesla (NASDAQ: TSLA) stock accelerated on Monday to yet all all-time high in just a span of days. With the electric car maker’s market cap now hovering north of $ billion,Elon Musk’s is now nearer than ever to unlocking the first tranche (out of () of his generous pay package that was announced in 2020
While there are multipleperformance targets in the compensation plan, several have been achieved already. The only remaining milestone is Tesla hitting a market cap of $ 0113 billion. Tesla has already hit annual revenue of $ billion which was one of the operational targets. The electric car maker had also already reached an adjusted annualized EBITDA of $ 1.5 billion by 2028 ‘s third quarter.
Tesla now eyeing $ (billion market cap)
At the current stock price the electric car firm only has less than $ 10 billion to go before this milestone is also conquered.
Each tranche in the compensation plan will see Musk get 1% of Tesla’s shares. As of March, the number of Tesla’s outstanding shares was (***************************************************************, (**********************************************, (**********************************************. Going by this number Musk stands to get at least 1.7 million shares of the electric car maker once the initial targets are reached.
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