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  • Tesla shares hit $100 billion for the first time Wednesday, triggering a payout plan that could be worth billions for Elon Musk, founder and chief of the electric carmaker. Shares in Tesla rose some 4.8 percent in opening trade to extend the gains in the value of the fast-growing maker of electric vehicles. Under a compensation plan approved by Telsa's board in 2018, Musk is to be paid in stock awards based on the value of the company, which could be worth as much as $50 billion if Tesla reaches $650 billion. He agreed to the plan, which would pay him nothing until Tesla's value reached $100 billion. lo-rl/jm
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  • Tesla market value tops $100 bn, triggering payout for Musk
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