29.05.2020 TESLA Daily Analysis

29.05.2020 TESLA Daily Analysis

This year has been a good one albeit full of ups and downs for the Tesla company. So far the company is up 93% this year, meaning if you had invested in the stocks at the beginning of the year you would have almost double your investment five months down the line. In a filing on Thursday Tesla said that CEO Musk has earned his first payout tied to stock options. This is because as part of the performance-award agreement in Musk’s 2018 compensation package, the CEO stood to receive options to purchase shares if Tesla reached certain benchmarks, an important one being a market capitalization averaging $100 billion for six months. This means a profit of almost $800 million for the CEO. The Tesla stock closed at $805.81 on Thursday.