Tesla’s blistering stock rally is putting Chief Executive Elon Musk in reach of a payday potentially worth $1.8 billion, his second jackpot from the electric car maker in about two months.
According to the details, shares of Tesla have surged over 40 percent in the past seven sessions, elevating the company’s market capitalization to $259 billion.
Tesla’s six-month average market capitalization has reached a record $138 billion.
Hitting a six-month average market capitalization of $150 billion would trigger the vesting of the second of 12 tranches of options granted to the billionaire to buy Tesla stock as part of his 2018 pay package.
