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Wajeeh Khan

Tesla Gains on Elon Musk's New Pay Package. Is TSLA Stock a Buy?

Elon Musk Tesla Inc. United States Alexander Potter Piper Sandler

Tesla (TSLA) is in focus on Monday following news the EV maker has awarded 96 million of its shares as an interim pay package to its billionaire chief executive, Elon Musk. At the current price of $308 per share, the announced pay package essentially translates to roughly $29 billion, which will vest in two years, as per the automaker’s filing with the SEC today.  

Tesla stock has recovered sharply from its April low, but has been consolidating near the $300 level in recent weeks. 

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