Home Business NewsBusinessAutomotive Elon Musk pockets £625m after Tesla hits targets

Elon Musk pockets £625m after Tesla hits targets

by LLB Reporter
29th May 20 8:02 am

Elon Musk has pocketed £625m after Tesla hit performance targets and the electric car maker passed the $100bn milestone.

A filing with the US Securities and Exchange Commission said that Musk can buy 1.69m shares of Tesla for $350.02.

The chief executive could also be eligible for 20.3m stock options if the company are able to reach difficult financial goals.

Tesla has reported adjusted earning of £3.6bn on revenue totalling $26bn over the past four quarters.

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