AP, DETROIT, MichiganThe meteoric rise of Tesla Inc shares that recently pushed the company’s value over US$100 billion could turn into a supercharged payday for CEO Elon Musk. Tesla shares closed at US$569.56 on Wednesday, giving the company a market capitalization of US$102.7 billion. Shares have tripled in value since May, meaning Tesla’s market capitalization now exceeds the value of Ford Motor Corp and General Motors Co, combined. For Musk, hitting US$100 billion in market value triggers an option to buy 1.69 million shares of Tesla stock for US$350.02 per share. Musk could get more stock payouts for every additional US$50 billion increase in market capitalization.

Source: Taipei Times January 23, 2020 15:56 UTC