Elon Musk Unlocks $2.1 Billion Award as Tesla Hits Milestone
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Tesla Inc. Chief Executive Officer Elon Musk unlocked the second chunk of his moonshot pay award.
The electric-car maker’s average trailing market value over six months rose above $150 billion on Tuesday, according to data compiled by Bloomberg, despite a dip in the company’s share price. That means Musk is now able to exercise an additional 1.69 million stock options, though he must wait at least five years before he can sell them.