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Elon Musk stands to collect $23bn bonus as Tesla beats targets

Huge payout follows electric car giant topping share price goals and performance milestones

Elon Musk, chief executive of Tesla and the world’s richest person, is set to collect a $23bn (£17.6bn) bonus after the Californian electric car company’s first-quarter results exceeded performance targets.

Musk, who is already sitting on an estimated $249bn fortune, is in line for the bonus share payout after Tesla hit share price and financial growth milestones in its earnings on Wednesday night.

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