Tesla almost completed on the cost of the world autogian giant number one

Elon Musk shines with a “prize” of $346 million.

For the first time in history, Tesla’s value exceeded $100 billion, and the brand’s share price set a record of $555 apiece.

A new mark of brand capitalization was recorded on January 21 at the auction, writes Bloomberg.

The publication notes that now the cost of Tesla is almost compared with Volkswagen AG with a capitalization of $100.6 billion. At the same time, the American brand sold about 370 thousand cars last year, and the German concern – about 10 million cars.

The company’s stock prices more than doubled after its announcement of high profit in the third quarter of 2019 and the announcement of the opening of a plant in China.

It is also reported that if the value of the company lasts at this mark for several months, then Tesla CEO Ilon Mask can receive the first tranche of $ 346 million.

The fact is that in 2018 he refused a standard salary in favor of payments for achieving certain indicators. The option plan involves the payment of 12 tranches in the amount of 1% of the number of Tesla shares. The condition for the payment of the first tranche is the achievement of $ 100 billion of market capitalization.

Recall that sales of the Tesla Model 3 tripled their nearest competitor. The American brand has led the market for electric cars.