Elon Musk on road to $50bn payout as Tesla's value passes $100bn
by Rob Davies from on (#4Y9A4)
Under pay scheme, founder must build electric carmaker into $650bn company by 2028
The Tesla founder, Elon Musk, has taken the first step to becoming $50bn (38bn) richer after the value of the electric car company surged past $100bn.
Musk, already a multibillionaire with a net worth estimated at about $30bn, secured approval in 2018 for a pay deal that would dwarf existing records for renumeration if it was paid out in full.
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