Elon Musk’s $750 million Tesla payday could be threatened by the coronavirus shutdown he slammed as ‘fascist’ (TSLA)
Tesla CEO Elon Musk went on a profanity-riddled tirade against coronavirus shelter-in-place orders on Wednesday.
The company has been forced to close its main US car factory in California, posing a “serious risk” to Tesla’s business, Musk said.
Musk is a billionaire, but most of his wealth is tied up in Tesla stock. If those share prices don’t stay at current levels, he could miss out on a big pay day.
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There’s a twist to Elon Musk’s repeated calls to reopen America: He is on the verge of a $750 million payday, which might not happen if Tesla’s factories stayed closed.
On Tesla’s first-quarter earnings call Wednesday evening, the billionaire warned that shutdowns of the company’s main Fremont plant “should be identified as a serious risk,” before launching into an expletive-ridden tirade.See the rest of the story at Business Insider
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