Tesla reaches $100 billion market cap, setting Elon Musk up for a huge payday

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Elon Musk would earn the first tranche of at least $346 million in Tesla shares if its market capitalization stays at $100 billion.

Tesla stock is set to reach a key milestone as it hovers above a market cap of $100 billion ahead of Wednesday's first trade.

If the gains hold, it will bring the company's value to more than $103 billion at the start of trading.Tesla CEO Elon Musk unveils the Cybertruck at the TeslaDesign Studio in Hawthorne, Calif. The cracked window glass occurred during a demonstration on the strength of the glass.stock is set to reach a key milestone as it hovers above a market cap of $100 billion ahead of Wednesday's first trade.

Tesla's stock rose about 5% in after hours trading to follow up a stellar day Tuesday that saw the stock climb more than 7%. If the gains hold, it will bring the company's value to more than $103 billion at the start of trading. The gains could send CEO Elon Musk home with a tidy payout. In 2018, Tesla's board and shareholders authorized a compensation plan for Musk, allowing him to earn options worth potentially more than $55 billion over the next decade. Musk would earn the first tranche of

 

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This is what a great career looks like. I have to say, good job. Congrats, you made it!

P/E would be through the roof...if they had any E.

Was the huge payday the only reason it rose so much? I don't think this is sustainable.....

the most successful cheater in history... congrats.. hahaha

What the What is it? Explain?

Lucky man!

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