Tesla shareholders have approved Elon Musk's massive new pay package (TSLA)

pulse

March 21, 2018 5:56 PM

If Elon Musk hits a series of performance targets over the next decade, the carmaker's market cap would rise to $650 billion.

If Musk meets his targets, Tesla's market cap would
The company is worth around $55 billion now and is struggling to meet production goals for the Model 3 mass-market vehicle.

Tesla shareholders have approved CEO Elon Musk's massive new 10-year compensation package.

A Tesla spokesperson confirmed the result after a shareholder vote on Wednesday.

If Musk hits a series of performance targets over the next decade, the carmaker's market cap would rise to $650 billion from roughly $55 billion today.

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