Musk nears US$346 million payday as Tesla market value soars

SAN FRANCISCO: Tesla Inc Chief Executive Elon Musk is coming close to earning the first US$346 million tranche of options in a record-breaking pay package, after the electric vehicle maker's stock more than doubled in the last three months.

A full payoff for Musk, who is also the majority owner and CEO of the SpaceX rocket maker, would surpass anything previously granted to U.S. executives, according Institutional Shareholder Services, a proxy advisor that recommended investors reject the pay package deal at the time. Last week, Tesla's stock market value hit nearly US$89 billion, eclipsing the sum of General Motors' and Ford's for the first time, fueled by a surprise third-quarter profit, progress at a new factory in China and better-than-expected car deliveries in the fourth quarter.

Good news. He's earned it. Unlike certain banking CEOs I could name.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Wall Street nears record high on trade, earnings optimismU.S. stock indexes rose to near all-time high on Monday on optimism about the imminent signing of a preliminary U.S.-China trade deal as well as ...
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »

Wall Street hits fresh record on trade, earnings optimismU.S. stock indexes rose to near all-time high on Monday on optimism about the imminent signing of a preliminary U.S.-China trade deal as well as ...
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »

US: Wall St opens near record highs ahead of trade deal, earningsRead more at The Business Times.
Fuente: BusinessTimes - 🏆 15. / 51 Leer más »