Here's How Much Tesla Shares Are Up Since Elon Musk's Original 2018 Pay Package Was Approved
Portfolio Pulse from Chris Katje
Tesla shareholders approved a new $56 billion compensation plan for CEO Elon Musk, replacing the voided 2018 plan. Since the original plan's approval, Tesla shares have risen 727.7%, significantly outperforming the SPDR S&P 500 ETF Trust (SPY). The new plan ties Musk's compensation to market capitalization and operational milestones.
June 14, 2024 | 8:05 pm
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Tesla shareholders approved a new $56 billion compensation plan for Elon Musk, replacing the voided 2018 plan. Since the original plan's approval, Tesla shares have risen 727.7%.
The approval of the new compensation plan for Elon Musk is a significant event for Tesla. The original plan's success, reflected in a 727.7% increase in share price, suggests strong investor confidence and potential for continued growth.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
A $1,000 investment in SPDR S&P 500 ETF Trust (SPY) since Tesla's 2018 compensation plan approval would have returned 98.2%, significantly less than Tesla's 727.7% return.
The comparison highlights Tesla's exceptional performance relative to the broader market, as represented by SPY. However, the news is more focused on Tesla, making the impact on SPY neutral.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50