Musk nears $346 million payday as Tesla market value soars

Tesla Inc CEO Elon Musk speaks at an opening ceremony for Tesla China-made Model Y program in Shanghai, China January 7, 2020.

A full payoff for Musk, who is also the majority owner and CEO of the SpaceX rocket maker, would surpass anything previously granted to US executives, according Institutional Shareholder Services, a proxy advisor that recommended investors reject the pay package deal at the time. Musk’s potential payout compares to the $638 million received by Snap Inc founder Evan Spiegel in 2017 after the social network company’s initial public offering.

Tesla was valued at about $53 billion when shareholders approved the pay package in January 2018 and faced a cash crunch, production delays and increasing competition from rivals. It was viewed as massively ambitious because it implied the company’s value could grow as much as ten-fold in 10 years.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Musk nears $346 million payday as Tesla market value soarsTesla Inc Chief Executive Elon Musk is coming close to earning the first $346 mi... cheater dancing YEAAAAAAH 🚴 Good for him!
Источник: Reuters - 🏆 2. / 97 Прочитайте больше »

Jeffrey Epstein's ex-girlfriend dated Kimbal Musk, brother of Tesla founder Elon Musk - Business InsiderTwo sources say Jeffrey Epstein set Kimbal Musk, the brother of Tesla and SpaceX founder Elon Musk, up with a member of his entourage. What the fuck does get from conspiracy spin SMH i think a better story would be why a former and a current president has DIRECT ties to that guy. He was all about having leverage
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »