Tesla plans China design and research center

Darnell Taylor
January 16, 2020

Tesla CEO Elon Musk is nearing the first $346 million of stock awards in a record-breaking compensation package, after the electric carmaker's stock more than doubled over the past three months.

Last week, Tesla's stock market value hit almost $89 billion, eclipsing the sum of US automakers General Motors and Ford Motor Co for the first time ever.

The first option will be realised when the electric vehicle maker touches a US$100bn market value, and keeps at that level for both a one-month and six-month average, and to achieve that the shares only need to rise another 6%.

Last week, Tesla's stock market value hit almost $89 billion, eclipsing the sum of General Motors' and Ford's for the first time, fueled by a surprise third-quarter profit, progress at a new factory in China and better-than-expected auto deliveries in the fourth quarter.

Meanwhile, Musk already hit an operational target that was also necessary for the options to vest. "But is he the only person in this position who can act as CEO and deliver that value to shareholders?"

Donaldson, Twins agree to four-year deal
He appeared in just 52 games in an injury-plagued 2018, when he played for Toronto and the Cleveland Indians . Donaldson's 2018 season was marred by injury, and he was traded to Cleveland at the deadline.

If Elon Musk receives the full package, it would compare to the $638 million obtained by Snap Inc founder Evan Spiegel 3 years ago, following the social media giant's IPO. "That is the billion dollar question".

After share price hit a record high of $544 Tuesday morning, Tesla is now valued at $95 billion.

However, many investors remain skeptical that Tesla can consistently generate profit, cash flow and growth. It was considered extremely ambitious, as it implied that the company's value could increase tenfold in 10 years. Multiple reports have stated that Tesla's stock price has gone past the $500 mark for the first time. And as shares continue to soar, Tesla CEO Elon Musk is closer to receiving the first portion of a big pay package that the electric carmaker's board approved in early 2018. Elon's projected pay package allows him to purchase another 20.3 million shares, including a block of 1.7 options.

Shares of electric automaker Tesla have surged since the beginning of the year, boosted by strong demand for the Model 3 and the start of production at the company's new Shanghai gigafactory.

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