Rise In Tesla Stock Could Give Elon Musk A $700 Million Payday

Tesla Inc. CEO Elon Musk appeared to qualify on Monday for a $700 million payday, just three days after he said the electric car company's stock price was too high.

Shares of Tesla Inc jumped more than 8 percent on Monday, putting Tesla's market capitalization at $141.1 billion at the close. More importantly for Musk, Tesla's stock market value reached a six-month average of $100.2 billion, according to an analysis of Refinitiv data.

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PUGPROUD - 5/5/2020 11:56:43 AM

0 Boost

Maybe he might now be able to pay his mortgage and not sell his mansion.

MDarringer - 5/5/2020 12:32:14 PM

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The bastard needs to take his money and run off to his Aztec death cult.

skytop - 5/5/2020 1:08:36 PM

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As British car sales collapse, Tesla Model 3 becomes top-selling U.K. vehicle for April

MDarringer - 5/5/2020 2:25:05 PM

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If TVR ever gets its factory open, could become the 2nd largest British car company operating in England. LOL Everything else more or less is owned by foreigners.

mre30 - 5/5/2020 2:49:05 PM

-1 Boost

In the end, Elon Musk might be the only investor who makes money from Tesla's activities.

Maybe ALL Tesla investors should follow what Elon does and "cash out" from time to time to take money off the table at the same time he does?

Warren Buffet was asked about Tesla, recently, and stated that he would not invest in it because its stock price level was essentially supported by retail investors and he views the stock price as categorically divorced from any typical stock valuation measure.

How much more upside is there to Tesla? How much longer does the retail investor lovefest continue? #Diversification

CANADIANCOMMENTS - 5/5/2020 4:19:04 PM

0 Boost

He will need it. All in, he now has 6 kids with a new baby with that Grimes lady. People's lives are so messy. Money helps, but being a part time day isn't good for the kids you created.

carloslassiter - 5/5/2020 9:08:50 PM

+1 Boost

There's fine line between genius and madness. Example: Chris Farley.