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Futures are showing it down another 6%.
That would take it below 100 billion market cap.
Musk wants a 100 billion market cap avg for 6 months. He has 30 days over 100 billion.
If Tesla’s market cap remains above the $100 billion mark on an average over six months including at least 30 consecutive days, Musk can then implement this payment plan and buy about 1.69 million shares at about $350 each. The payout would be more than $346 million considering the current stock price according to a Forbes report.
Musk currently owns 34 million Tesla shares, a fifth of the company, Reuters reported.
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