By Noel Randewich
(Reuters) – Tesla’s <TSLA.O> upcoming quarterly report could put another $3 billion in Chief Executive Elon Musk’s pocket.
The electric car maker on Tuesday saw the six-month average of its stock market value hit $250 billion, a milestone toward triggering the fourth of 12 tranches of options to buy Tesla stock at a discount, granted to the billionaire in his 2018 pay package.
Musk’s compensation is exclusively made up of a series of potential stock options rewards based on market capitalization and operational goals. To secure Musk’s fourth tranche, Tesla still must hit a goal related to revenue or profitability, and that could happen in the company’s third-quarter report, the date of which has yet to be announced.
Elon Musk’s expanding payout: https://fingfx.thomsonreuters.com/gfx/mkt/ygdvzklzopw/Pasted%20image%201602009124093.png
Tesla’s stock was down 0.8% at mid-day on Tuesday, but the company’s six-month average market capitalization rose, thanks to a strong rally in recent