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Non-Tech : Kirk's Market Thoughts

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Nov 14 3:59 PM EST

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Winfastorlose

To: Winfastorlose who wrote (8644)	5/29/2020 3:31:32 PM
From: Kirk ©	1 Recommendation of 26505

Payday for Musk: Elon Musk has earned the first tranche of his mammoth performance-based payout from Tesla (NASDAQ:TSLA) for keeping the company's market cap at $100B or more on a 30-day and six-month moving average. Other conditions that had to be met were Tesla recording trailing revenue of $20B for four quarters or EBITDA of $1.5B. As part of the first tranche, Musk landed about 1.7M shares of Tesla through options with a strike price of $350.02, which works out to about $775M at yesterday's closing price of $805.81.

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