Tesla Inc CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai, China January 7, 2020.
Aly Song | Reuters
Shares of Tesla have doubled in price over the past three months, paving the way for a massive payday for CEO Elon Musk.
In 2018, Tesla’s board and shareholders authorized an unparalleled compensation plan for Musk, allowing him to earn options worth potentially more than $55 billion over the next decade. Musk currently draws no salary, although he owns around 20% of the company.
Musk would earn the first tranche if Tesla’s market capitalization hits and stays at $100 billion. Given the current number of shares outstanding, that means Tesla’s stock…