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Will Tesla stock rise 750% and make Elon Musk a trillionaire?
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Yahoo Finance - Business Finance, Stock Market, Quotes, News
Image source: Getty Images“Yes, you read that correctly.” Not many stock market updates contain lines like that, but then again, not many companies are Tesla (TSLA).
That quote refers to a pay package that, providing certain conditions are met, would make Elon Musk a trillionaire.
Those conditions are demanding, however, including selling 20m Tesla vehicles, 1m robotaxis, 1m robots, and increasing the value of Tesla stock to $8.5trn inside a decade.
Tesla’s domination of the electric vehicles market was spectacular before Chinese firms started catching up.
In the event of a stock market crash or correction, these types of stocks have a long way to fall.
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