Its been an fantastic run for the electric automaker to close out the final quarter of 2019. Tesla' stock value has gone up dramatically in the last three months and has more than doubled. On May 24, 2019, Tesla shares fell to $190.63 and now its stock price is well over $500.
Musk would earn the first tranche if Tesla's market capitalization hits and stays at $100 billion.
Tesla has started looking for local Chinese talent to join its upcoming design and research and development centre in Shanghai after it successfully shipped Chinese produced Model 3 vehicles earlier this year.
Some industry insiders believe Tesla could bring about its own supply-chain success just like Apple did in China.
A rendering of a compact Tesla model for the Chinese market. If the company manages to sustain that level for both a one-month and six-month average, it will trigger the vesting of the first of 12 tranches of options granted to Musk to buy Tesla stock. The company must hit also annual revenue or EBITDA milestones at the same time in order for Musk to get that first tranche.
Musk receives no salary or cash bonus and only options that vest based on Tesla's market cap and milestones for growth. In addition, he needs to raise underlying earnings to US$14 billion, from about US$2 billion today, and its market capitalisation to US$650 billon.
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As Tesla's stock price continues to rise, short-sellers are turning up the heat.
Musk holds around 34 million Tesla shares at the moment, approximating to 19% of the company. Under his compensation package, Musk will vet stock options worth $346 million really soon.
"But is he the only individual that could serve in that seat as chief executive and deliver that value to shareholders?"
As of Wednesday, Tesla's short interest, or dollar amount of shares borrowed to bet against, swelled to roughly $US14.5 billion, eclipsing Apple's $US14.3 billion in short interest, data from financial-analytics firm S3 Partners show.
Kang said that Tesla CEO Elon Musk's personal influence added to the brand's attractiveness in China.