Elon Musk’s fortune swelled by £1.75 billion in the span of an hour Wednesday after shares of Tesla Inc. soared in extended trading on stronger-than-expected fourth-quarter earnings and increased production of its crossover SUV.
The firm’s market value is now above £76.19 billion, and if it stays above that threshold for an extended period, Musk will be eligible to unlock the first chunk of a long-term compensation award that could net him more than £ 38.10 billion.
The firm’s market value is now above £76.19 billion, and if it stays above that threshold for an extended period, Musk will be eligible to unlock the first chunk of a long-term compensation award that could net him more than £ 38.10 billion.
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