Elon Musk’s Payday Could Cost Tesla Shareholders Dearly

Thanks to Tesla’s meteoric share-price rise, Elon Musk is set to cash in on a huge bonus package. Shareholders counting on their own tidy fortunes should know how Mr. Musk’s payday might dent their prospects. The inclusion of Tesla in the benchmark S&P 500 index could face a further major delay because of the accounting impact.

In 2018, Tesla awarded Mr. Musk a pay package which includes stock options for more than 20 million shares that vest in 12 tranches, based on a combination of operational and market-value milestones….

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