Quote:
Tesla's Monday rally may qualify Elon Musk for the first part of a 12-tranche compensation package just days after the CEO disagreed with Tesla's lofty share price.
The automaker jumped 8% in Monday trading to reach a six-month market cap average of $100 billion for the first time, Reuters reported.
The event should trigger the executive payday, giving Musk the ability to buy 1.69 million Tesla shares at $350.02 each. The company closed at $761.19 per share on Monday.
The possible payout comes three days after Musk tweeted, "Tesla stock price is too high imo." The message pushed shares down as much as 13% on Friday before some losses were pared.
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https://markets.businessinsider.com/...0-5-1029166005
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