Tesla shares are up 86% so far this year, which means CEO Elon Musk just qualified for stock options worth more than $700 million
New York .
Musk, who already owns about 20% of the company, doesn't get a straight salary or bonuses. Under a stock compensation plan approved by shareholders in 2018, he can receive up to 20.3 million stock options by 2028 if the company hits various market value and operational goals.It already hit the first two operational goals, but until now it had yet to reach the market value target of an average of $100 billion over a six-month period.On Nov. 4 the company was worth $57 billion.
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