【】

Remember Elon Musk's wild, all-or-nothing Tesla compensation plan? Well, it's certainly not going to be nothing.
In a SEC filing ahead of a shareholder meeting, Tesla said that it has hit the financial goals needed to unlock the first out of 12 possible tranches of Musk's compensation award. Musk can now purchase 1.69 million Tesla shares for $350.02 per share, and given that Tesla stock closed at around $805 per share on Thursday, the difference is currently worth $770 million.
"As of the date of this proxy statement, one of the 12 tranches under this award has vested and become exercisable, subject to Mr. Musk’s payment of the exercise price of $350.02 per share and the minimum five-year holding period generally applicable to any shares he acquires upon exercise," the document reads.
The five-year holding period means Musk cannot sell his shares for another five years, but if Tesla keeps doing well, they might be worth even more in the end.
It wasn't easy getting this money, though.
In January 2018, Tesla said its CEO will have a $0 salary — in fact, he would not receive guaranteed compensation of any kind. Instead, he'd get an increasingly more valuable vesting options if Tesla hit certain goals. The first one of these was for Tesla's market cap to be over $100 billion, on average, over a period six months. Tesla also had to have either $20 billion in annual revenue, or $1.5 billion in adjusted earnings.
Those two goals have now been hit, but in early 2018, when Tesla was struggling with ramping-up Model 3 production and company stock was hovering at around $330, they looked nearly impossible. It's even more impressive given that the coronavirus pandemic stalled Tesla production and decimated the company's stock price in February and March. After hitting a low of about $361 in March, the Tesla stock price more than doubled over the next two months.
Ultimately, if all 12 milestones are reached, Tesla would be worth $650 billion (current market cap is $149 billion), and Elon Musk would be, well, a lot wealthier than he is now (he's currently worth $36.3 billion according to Forbes).
TopicsTeslaElon Musk
相关文章
U.S. government issues warning on McDonald's recalled wearable devices
Last week's McDonald's debacle, which saw the fast food giant forced to recall its first wearable tr2025-06-16Apple Store goes down: Purple iPhone 12 and AirTag are coming
Apple's got new stuff to sell you. Apple's online store went down early Friday in anticipation of ne2025-06-16How to turn off read receipts on your iPhone, you old
Who among us has not at some point in time been shaken to their cores by the sheer sight of a read r2025-06-16- If at first you don't succeed, keep telling people that you're trying again.Facebook announced Monda2025-06-16
Tyler, the Creator helped Frank Ocean celebrate 'Blonde' release in a delicious way
The release of Frank Ocean's。 Blonde 。is a cause for celebration to the fans who waited four years fo2025-06-16Clubhouse data for 1.3 million users leaks online
Large-scale data leaks have become almost a rite of passage for new social networks. If Clubhouse wa2025-06-16
最新评论