Tesla climbs on record $1 trillion performance-linked package for Musk
Shares of EV maker Tesla TSLA.O rise ~3.3% to $349.77
Board proposes a new compensation plan for CEO Elon Musk valued at about $1 trillion upon achieving certain lofty targets
Plan to increase Musk's stake to 12%, if Tesla's market value hits $8.6 trillion
Target is ~8x company's current market value
"Elon Musk's pay package has been an issue for over a year now and putting that in the rear view mirror is obviously going to be a positive," said Art Hogan, chief market strategist at B Riley Wealth in New York
Including session gains, stock had fallen 13% YTD compared to an 11% rise in the S&P 500 .SPX during the period
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