The S&P 500 rose to a record after Nvidia crossed through the $3 trillion barrier and softer-than-expected jobs data raised hopes for a rate cut.
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report in May, while Apple's shares are up only 5% this year as sales growth stalled in recent months.pay package. The Baron Capital chairman and CEO argues the package, tied to "aggressive" performance targets, is justified as without Musk "there would be no Tesla." Baron previously revealed that his firm has made about 20 times its investment in Tesla since he first bought the stock in 2014.
The package has no salary or cash bonus and sets rewards based on Tesla's market value rising to as much as $650 billion over the 10 years from 2018. The court also found the defendants did not prove the package was necessary to retain Musk. At its height, Tesla reached a market capitalization of $1.2 trillion in November 2021. Since then, the EV market has slowed and competition has intensified. Its current market cap is $560 billion. WhileHe took a niche vehicle manufacturer that has flirted with bankruptcy and challenged Detroit, and now plans to reinvent the EV maker into a leader in. It passed the $3 trillion mark and surpassed Apple to become the second most valuable U.S. company.
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