Elon Musk set to cash in at Tesla as deliveries and shares soar
by Edward Helmore from Technology | The Guardian on (#4Y3KB)
The boss of the electric carmaker has a $50bn pay package ready to roll if the firm hits a $100bn valuation
One of the options on a fully loaded Tesla is "ludicrous mode", a setting offering a 0-60mph acceleration time of 2.8 seconds for drivers who find its "insane mode" too sedate.
To some investors, that's similar to chief executive Elon Musk's bonus package: if the electric carmaker's share price goes above $554.80 - which would value the firm at $100bn, and which it came very close to last week - the mercurial entrepreneur could reap the first $350m instalment of a potential $50bn share-based pay package.
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