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These 9 Tesla board members stand to make the most if the company’s red-hot stock keeps soaring

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Tesla Elon MuskTesla

Tesla inventory has skyrocketed over 130% annually, outpacing the broader market. 
Shares of this automaker have notched several all-time highs in recent weeks. 
CEO Elon Musk will make payouts when the inventory continues to profit, but board members have stakes in the company that would profit.  
These are the two board members who stand to profit as the stock slump, as well as also the worth of their holdings as of June 12.
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Tesla inventory is.

So far this year, Tesla inventory has gained more than 130%, outpacing the wider economy and in recent weeks notching several all-time drops to reports of strong sales in China and CEO Elon Musk’s very own directive to ramp up production of its commercial semi-truck.

The skyrocketing cost has put Musk closer than ever to a payout that is a part of the moonshot compensation package. In a current SEC filing, Tesla’s board affirmed that Musk had met prerequisites to unlock the very first tier of this gigantic cash — the organization’s average value to the stock market for the previous six months in May travelled  above $100 billion for the first time.

The SEC filing has been a stamp of endorsement for Musk to get the initial $700 million in stock options in the pay deal. Overall, the compensation package could be as much as $55.8 billion, according to Tesla’s own quote in the proxy statement putting out the program .

However, while Musk can take the maximum from Tesla’s gains, board members are profiting from the price that is surging. Nine other board members hold Tesla shares, ranging in value from hundreds of thousands of dollars for billions. 

Read : Schwab’s international investing chief claims that the marketplace’s best-performing stocks are due for a surprising spinning for the first time in 12 years — also shares 3 ways to get ahead of this change

To be sure, Tesla board members would have to sell part of their ranks to reap any of the stock’s recent gains. And, there is at least one board member for whom share information isn’t yet available — Hiromichi Mizuno, a Japanese pension fund leader , who combined Tesla’s board because its 10th member in April. 

Here is the number of Tesla shares the two board members hold, and the worth of those positions as of the closing cost of $935.28 on Friday, June 12. 

1. Elon Musk
Paul Hennessy/SOPA Images/LightRocket via Getty Images

Title: Chief executive officer, board member, Tesla. CEO SpaceX. Creator of The Boring Company and Neuralink Corp. 

Number of shares held: 34,098,597

Value (as of close on 6/12/20): roughly $32 billion 

Source: Bloomberg data, SEC filings 

2. Larry Ellison
Kimberly White/Getty Images

Title: Board member, Tesla. Founder, CEO, chief technology officer, board member of Oracle Corp. 

Number of shares held: 3,001,250

Value (as of close on 6/12/20): about $3 billion 

Source: Bloomberg data, SEC filings 

3. Steve Jurvetson
YouTube/TechCrunch

Title: Board member, Tesla, SpaceX, along with D-wave. Venture capitalist. 

Number of shares 156,343

Value (as of close to 6/12/20): $146 million 

Source: Bloomberg data, SEC filings 

See the rest of the narrative at Business Insider

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