Asset Management

Tesla’s market-cap milestone inches Elon Musk closer to massive payout

Tesla expects to achieve one of Musk's key targets within months, triggering a $725m windfall for the CEO

Tesla chief executive Elon Musk is close to getting a windfall that would dwarf any payday for star Silicon Valley executives as the electric-car maker predicts it could reach a key milestone within months.

As FN’s sister-publication MarketWatch reported in January, as part of a performance-award agreement in Musk’s 2018 compensation package, the Tesla CEO stands to receive options to purchase shares if Tesla reaches certain benchmarks, an important one being a market capitalisation averaging $100bn for six months.

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