CEO Elon Musk unlocks $2.1 billion award as Tesla hits milestone
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Tesla CEO Elon Musk has unlocked the second chunk of his moonshot pay award, as firm's average trailing market value over six months rose above $150 billion on Tuesday. This means Musk is now able to exercise an additional 1.69 million stock options, though he must wait at least five years before he can sell them. The options have a strike price of $350.02, meaning he would reap a $2.1 billion gain.