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		</div><p>Tesla chief executive Elon Musk has seen his wealth boosted by £625 million after his company hit a number of performance targets.</p>
<p>The electric car maker passed the milestones of a total market value of 100 billion dollars (£81 billion) and making 20 billion (£16 billion) in revenue for four quarters triggering the compensation package.</p>
<p>A filing with the US Securities and Exchange Commission said Mr Musk can buy 1.69 million shares of Tesla for 350.02 dollars (£284.03), compared to its most recent closing price of 805.81 dollars (£653.93).</p>
<p>It was not clear if Mr Musk, whose wealth is estimated at 39 billion dollars (£31.7 billion) by Forbes magazine, exercised the options.</p>
<p>The payout is part of a generous package approved by the company’s board in 2018, one of the largest in US history.</p>
<p>In total, Mr Musk could be eligible for 20.3 million stock options in 12 bundles if the California-based company is able to reach progressively difficult financial goals.</p>
<p>In order for Mr Musk to receive all 20.3 million options, Tesla will have to generate adjusted annual earnings of 14 billion dollars (£11.4 billion) on annual revenue of 175 billion (£142 billion) coupled with a market value of 650 billion (£525 billion).</p>
<p>In the past four quarters, Tesla, has reported adjusted earnings totalling 3.6 billion dollars (£2.9 billion) on revenue totalling 26 billion (£21 billion).</p>
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