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Benzinga
Benzinga
Business
Chris Katje

Tesla Stock Surged 1,350% After Musk's Last Pay Plan—New Package Could Ignite Gains, Analyst Says

Mark DeLaney Elon Musk United States Tesla Inc. Goldman Sachs
Elon,Musk,,Ceo,Of,Tesla,,In,A,Formal,Suit,With

Tesla Inc (NASDAQ:TSLA) stock soared 1,350% following its 2018 incentive plan for Elon Musk—and Goldman Sachs analyst Mark Delaney says the company’s newly announced package for the CEO is giving investor sentiment another boost, suggesting scope for positive momentum.

In a fresh research note, Delaney points to Musk's recent $1 billion purchase of Tesla stock and the new performance-based award as key drivers of investor optimism, helping Tesla outperform the broader market in recent weeks.

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