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Tesla’s Elon Musk hits targets for $11 billion options payout

byMuhamad Arshad
April 27, 2021
in Business, Economy, World
Reading Time: 1 min read
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According to quarterly report on Monday, which hitting targets qualifying Tesla’s Chief Executive Elon Musk for two options payouts worth a combined $11 billion.

The electric car maker leaves behind the  Wall Street’s expectations for first-quarter revenue and profit, boosted by record deliveries, robust demand from China, and environmental credit sales. 

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It reported quarterly revenue of $10.39 billion and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $1.84 billion, surpassing milestones that trigger the vesting of the fifth and sixth of 12 tranches of options granted to Musk in his 2018 pay package to buy discounted Tesla shares.

Tags: BusinessElectric car makerElon MuskTesla
Muhamad Arshad

Muhamad Arshad

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