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African raised Elon Musk qualifies for $2.1 billion payday

July 21, 2020

ach tranche gives Musk the option to buy 1.69 million Tesla shares at $350.02 each, less than a quarter of their current price. At Tesla’s current stock price of $1,594, Musk would theoretically be able to sell the shares related to the tranche that vested in May and the current tranche for a combined profit of $4.2 billion, or almost $2.1 billion per tranche.

The post African raised Elon Musk qualifies for $2.1 billion payday appeared first on CNBC Africa.

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Source : African Media Agency (AMA)

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