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Musk’s first tranche was worth about US$700 million in May, when it vested, but its value has since increased along with Tesla’s stock price.
The median compensation for Tesla employees last year was about US$58,000, according to a company filing.
Tesla’s stock has surged more than 500 per cent over the past year as the company increased sales of its Model 3 sedan.
Following higher-than-expected second-quarter vehicle deliveries, some investors believe Tesla might report a profit in its second-quarter report on Wednesday after the bell. That would mark four consecutive profitable quarters, a first for Tesla and a key hurdle for it to be added to the S&P 500 index .
Analysts on average expect a US$240 million loss for the quarter, according to Refinitiv. A month ago, analysts expected a loss of almost US$340 million.
© Thomson Reuters 2020
