Billionaire Elon Musk would receive US$4.3 million in share-based pay for his recent work on Tesla's Model X sport-utility vehicle.
Tesla Motors Inc
Industry observers cautioned bullish investors to thread carefully with Tesla stock.
Tesla Motor Inc. rallied 14% after posting its second quarter earnings report which helped the fortune of Elon Musk to rocket by US$570 million yesterday.
Tesla Motors is set to transfer from the NYSE to the NASDAQ while Oracle Corp. does the opposite.
Tesla Motors Inc Chief Executive Elon Musk on Friday made a stunning forecast: battery-powered cars will likely match the internal combustion engine in popularity by the middle of the next decade.