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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
check out most recent!
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside the life of a pregnant mental health counselor during COVID-19 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. No one cares.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Elon Musk, Alex Berenson reportedly discussed launching a publication - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Plandemic. passthebeano 🤣🤣 *Plandemic
Source: BusinessInsider - 🏆 729. / 51 Read more »
Business Insider's best investing stories of the week ended July 21 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
The future of Tesla's $200 billion winning streak hinges on this week's earnings report - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Elon most likely has something up his sleeve. Not true. Stocks don’t react long term to short term swings in free cash flow growth.
Source: BusinessInsider - 🏆 729. / 51 Read more »