Source: Zero Hedge
Musk Nears Massive Payday – Shorts Torched As Fed’s ‘Not QE’ Sparks Dash-For-Trash Tesla shares on Tuesday morning were trading around $542 – or about +150% from the levels when the Federal Reserve’s ‘Not QE’ started the dash-for-trash and provided liquidity to hedge funds to bid up stocks. Tesla has been a significant beneficiary of the Fed’s money-printing as it resulted in a monstrous squeeze that allowed Elon Musk to wage nuclear war on short sellers. At the same time, Musk has come close to a whopping $346 million payday, in the form of equity options , if Tesla shares sustain a $100 billion valuation, or $554.80 per share, for a one-month and six-month average, according to Reuters . Musk is nearing his first big payday: We noted in early 2018 that Musk agreed to remain at the helm of Tesla for at least another 10 years. And in exchange for this commitment, the company’s board granted him 12 tranches of options to buy Tesla stock. Musk currently owns 34 million Tesla shares, or about 19% of the company.