Mamul.am
Full version
USD 502.97, EUR 543.86, RUB 6.56, GBP 618.25
+11 °C, +3 °C ... +16 °C Tomorrow:+13 °C
Hay / Հայ | Рус | Eng | Tür
#Tesla hits $100 billion mark Musk must sustain for big payout. #Bloomberg
17:45, 22.01.2020

Tesla Inc.’s market value briefly crept above $100 billion for the first time, a threshold that will trigger a huge payout for Elon Musk if he can sustain the feat for months.

The electric-car maker’s shares climbed as much as 1.4% in after-hours trading Tuesday after closing the regular session up 7.2%. At the post-market high of $555.10, Tesla’s market capitalization was roughly $100.1 billion, just short of Volkswagen AG’s $100.6 billion.

Musk, Tesla’s billionaire chief executive officer, is eligible to receive the first tranche of an all-or-nothing pay award if the company’s market value stays above $100 billion for a sustained period. On paper, the first chunk of the award would net him about $346 million.

Share with friends
| |
to top