Tesla’s Musk nears US$750-million payday ahead of results [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
Tesla’s Musk nears US$750-million payday ahead of results Tesla Inc CEO Elon Musk walks next to a screen showing an image of Tesla Model 3 car during an opening ceremony for Tesla China-made Model Y program in Shanghai, China on Jan. 7. ALY SONG/Reuters Tesla Inc CEO Elon Musk walks next to a screen showing an image of Tesla Model 3 car during an opening ceremony for Tesla China-made Model Y program in Shanghai, China on Jan. 7. Tesla Inc. chief executive Elon Musk is on the cusp of a roughly US$750-million payday as the electric car maker’s stock recovers from a slump caused by the coronavirus, which led the company to close its factories and furlough workers. Shares of Tesla surged 10 per cent on Monday ahead of the company’s quarterly report this week, and in anticipation it could soon reopen its Fremont, Calif., plant after it was shuttered because of the pandemic. Monday’s rally put Tesla’s market capitalization at US$145-billion. Importantly for Mr. Musk, its stock market val
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