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Musk’s Moonshot Pay Package Doesn’t Seem That Crazy Anymore (2)

Jan. 8, 2020, 5:24 PM

Elon Musk has lots of reasons to dance.

Tesla Inc. shares have been on a tear since October, when the electric-vehicle maker posted a surprise third-quarter profit and said its Model Y will launch months ahead of schedule. After surging to another record close Tuesday, the stock climbed as much as 4.2% on Wednesday, boosting the company’s market value to more than $88 billion -- more than Ford Motor Co. and General Motors Co. combined.

A bit more good news could push it to $100 billion -- the threshold that will unlock the first tranche of Musk’s all-or-nothing moonshot award ...