Tesla's quarterly report could land Musk another $3 billion

By Noel Randewich
(Reuters) - Tesla's <TSLA.O> upcoming quarterly report could put another $3 billion in Chief Executive Elon Musk's pocket.
The electric car maker on Tuesday saw the six-month average of its stock market value hit $250 billion, a milestone toward triggering the fourth of 12 tranches of options to buy Tesla stock at a discount, granted to the billionaire in his 2018 pay package.
Musk's compensation is exclusively made up of a series of potential stock options rewards based on market capitalization and operational goals. To secure Musk's fourth tranche, Tesla still must hit a goal related to revenue or profitability, and that could happen in the company's third-quarter report, the date of which has yet to be announced.

...


Read More on Datafloq