Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk $700 Million Richer

Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk $700 Million Richer

Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk $700 Million Richer

Tesla CEO Elon Musk has qualified for a compensation package worth around $770 million after the electric vehicle company hit their goals reflecting its rapid growth in recent years.

Tesla confirmed in a public filing that it awarded Musk the first part of a compensation package adopted in 2018. The package ties all of Musk’s compensation to the company’s financial performance.

The company said he had received the right to buy about 1.688 million shares of Tesla stock at a price of $350.02, that is where the stock was trading when the compensation package was set.

It was not immediately clear whether or not Musk had yet exercised his options, which might be worth about $770 million based on Thursday’s price of $805.81.

Tesla’s stock price has more than quadrupled over the last 12 months and has more than doubled since his pay package was announced.

He is required to hold the shares for a minimum of five years, according to the public filing.

Musk owned 20.8% of Tesla as of Dec. 31, a stake worth over $31 billion as of Thursday.

He received the latest stock options as a result of Tesla achieved at least $20 billion in annual revenue, $100 billion in market capitalization and $1.5 billion in adjusted earnings before interest, taxes, depreciation and amortization.

The pay package was designed to reward Musk over time as Tesla grows. It would give tens of billions of dollars in compensation to Musk if the company achieves all of its financial goals, as well as its highest goal of a total market value of $650 billion. The company was worth about $149 billion as of Thursday.

Price Performance

Relative Valuation

Technical Indicators

Overall, the bias in prices is: Upwards.

Note: this chart shows extraordinary price action to the upside.

By the way, prices are vulnerable to a correction towards 686.79.

The projected upper bound is: 941.00.

The projected lower bound is: 747.95.

The projected closing price is: 844.48.

Candlesticks

A big white candle occurred. This is generally considered bullish, as prices closed significantly higher than they opened. If the candle appears when prices are “low,” it may be the first sign of a bottom. If it occurs when prices are rebounding off of a support area (e.g., a moving average, trendline, or retracement level), the long white candle adds credibility to the support. Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.

During the past 10 bars, there have been 3 white candles and 7 black candles for a net of 4 black candles. During the past 50 bars, there have been 25 white candles and 25 black candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 71.0724. This is not an overbought or oversold reading. The last signal was a sell 11 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 61.92. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 49 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 100.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 11 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 18 period(s) ago.

Rex Takasugi – TD Profile

TESLA INC closed up 29.190 at 835.000. Volume was 38% below average (neutral) and Bollinger Bands were 65% narrower than normal.

Open     High     Low      Close        Volume
808.750  835.000  804.210  835.000      11,812,489
Technical Outlook
Short Term:        Neutral
Intermediate Term: Bearish
Long Term:         Bullish
Moving Averages: 10-period       50-period          200-period
Close:           816.08          686.53             484.50
Volatility:      29              103                98
Volume:          10,013,192      16,700,651         13,889,433

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

TESLA INC is currently 72.3% above its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future.

Our volume indicators reflect volume flowing into and out of TSLA.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on TSLA.O and have had this outlook for the last 0 periods. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.

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