Activity

Profile Photo

Ivy Washingtonoffline

5 out of 5
1 rating
  • Washington-Nana
  • 260

    Posts

  • 2

    Comments

  • 26.7K

    Views

  • Ivy Washington posted in the group Business

    4 years, 1 month ago
    Tesla CEO Elon Musk may finally get his huge paycheck by mid-spring if shares of the electric carmaker stay stable and the company manages to keep its average market cap above $100 billion.
    Tesla stock has rocketed nearly 250 percent in six months and hit a benchmark $100 billion market capitalization for the first time in its history in January. The stock rally even allowed the company to break the $150 billion threshold earlier in February, before the prices settled to around $800 per share on Friday.
    If Tesla manages to keep the position for the next several months, CEO Elon Musk, who doesn’t get salary or bonuses, will finally be eligible to get his paycheck in April under the terms of his 2018 compensation package. Apart from several financial targets the company has already met, Tesla needs to stay above the $100 billion market value on both a 30-day and six-month trailing average.
    This will allow Musk to buy 1.7 million of Tesla shares, with the stock option expected to add $346 million to the billionaire’s impressive fortune.
    Musk currently has a stake in Tesla worth about $12 billion. If he can reach his goal of turning Tesla into a $650 billion company, he will become the richest person on the planet and dethrone Amazon’s CEO Jeff Bezos.
    3
    Social Share
    +7 liked this
aws points 5,402 / Points
Senior

About me

Ivy Washington

Writer

Hi, I am Ivy Washington, am very passionate about bringing value to Tech communities and promoting innovation stories and Startups from Africa to the global stage. 

I am the founder of my own happiness… Living the moment to the fullest!

Media

Photos
Videos
Audios
Files

Friends

Profile Photo
Profile Photo
Profile Photo
Profile Photo
Profile Photo
Profile Photo
Profile Photo
Profile Photo
Profile Photo
Profile Photo
Profile Photo
Profile Photo
Profile Photo
Profile Photo
Profile Photo
Profile Photo
Profile Photo
Profile Photo
Profile Photo
Profile Photo
+23

Groups

Group logo of Jobs/Vacancies
Jobs/Vacancies
Public Group
Group logo of Business
Business
Public Group
Group logo of Ent & Sports
Ent & Sports
Public Group
Group logo of Career
Career
Public Group
Group logo of Politics
Politics
Public Group
Group logo of Agriculture
Agriculture
Public Group