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Tesla's Meteoric Rise Puts Elon Musk's First Compensation Milestone in Reach

TheMotleyFool

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Tesla's Meteoric Rise Puts Elon Musk's First Compensation Milestone in Reach

Tesla (NASDAQ: TSLA) has been on an absolute tear over the past few months, a rally that started in earnest when the electric-car maker reported a $143 million profit in the third quarter. Tesla's Shanghai Gigafactory made its first Model 3 deliveries to employees at the end of 2019, and management just laid out plans for Model Y production there, which added to the momentum (CEO Elon Musk's Steve Ballmer-esque dance moves notwithstanding). The stock price surge has now pushed Tesla's total market cap to approximately $89 billion -- more than GM's and Ford's market caps combined.