Tesla CEO Elon Musk appears to have unlocked the second of his compensation goals on Tuesday.
Tesla's stock was down 3% in afternoon trading, eroding a recent rally that has elevated the company's market capitalization to almost $300 billion, larger than any other carmaker. In early May, Musk's first tranche vested after Tesla's six-month average stock market value reached $100 billion. Musk's first tranche was worth about $700 million in May, when it vested, but its value has since increased along with Tesla's stock price.
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Makes one wonder who was pumping the share price with those OTM $3500 calls... Just saying... Fed_Enforcement
Is he paying the cult commissions?
I hate my Tesla.
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