Tesla's surging stock has Elon Musk on the brink of unlocking a R5 billion payout. Here's what has to happen | BISouthAfrica
The climbing stock price has also brought Tesla's CEO Elon Musk closer than ever to completing a section of his mega-compensation package, which would unlock 1.69 million stock options worth roughly $346 million – around R5 billion. Tesla has already completed an operational target necessary for Musk's options to vest.first market capitalisation trancheThe first tranche milestone is a market capitalisation of $100 billion.
Sustained market capitalisation is required for each Market Capitalisation Milestone to be met, other than in a change-in-control situation. Specifically, there are two prongs that must be met to achieve a given Market Capitalisation Milestone:The vesting schedule and milestones are part of Elon Musk's Tesla
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