{"id":98024,"date":"2020-10-26T21:10:19","date_gmt":"2020-10-26T18:10:19","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/elon-musks-stock-based-pay-plan-just-earned-him-another-3-billion\/"},"modified":"2020-10-26T21:10:19","modified_gmt":"2020-10-26T18:10:19","slug":"elon-musks-stock-based-pay-plan-just-earned-him-another-3-billion","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/elon-musks-stock-based-pay-plan-just-earned-him-another-3-billion\/","title":{"rendered":"#Elon Musk\u2019s stock-based pay plan just earned him another $3 billion"},"content":{"rendered":"

“#Elon Musk\u2019s stock-based pay plan just earned him another $3 billion<\/strong>”
\n<\/p>\n

\n Elon Musk doesn\u2019t earn a salary for running Tesla, but is getting rich quick nonetheless.<\/p>\n

The outspoken CEO of the electric-car maker is poised to unlock the fourth tranche in an eye-popping $50 billion performance-based compensation deal, bring his total stock awards to-date to roughly $11.8 billion.<\/p>\n

Musk has been given the option to buy $3 billion worth of Tesla stock for a measly $500 million after the electric automaker\u2019s six-month average market-cap hit $250 billion and Tesla reported its fifth-straight quarter of profitability, the company said in a Monday SEC filing<\/a>.<\/p>\n

To earn his full, $50 billion award, Musk must lead Tesla to a market cap of $650 billion by 2028. Tesla\u2019s board signed off on the compensation package in March 2018, when the company\u2019s market cap was just $52.46 billion. As of Monday afternoon, Tesla is the world\u2019s most valuable automaker with a valuation of over $385 billion.<\/p>\n

For his first three milestones, Musk received the option to buy 1.69 million Tesla shares at $350 a pop after each was certified. But following Tesla\u2019s 5-for-1 stock split in August he now gets to buy 8.44 million shares at $70 each. Tesla\u2019s stock is currently worth $413 a share.<\/p>\n

Musk still has eight years left to clear eight more valuation hurdles, mostly in $50 billion increments, which stand to fetch him roughly $5 billion each. If Tesla doesn\u2019t reach any other milestones, Musk will not receive any more money from Tesla.<\/p>\n

The South Africa-born billionaire does not take a salary from Tesla, and only earns money through performance-based rewards.\n <\/p><\/div>\n

\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Elon Musk\u2019s stock-based pay plan just earned him another $3 billion” Elon Musk doesn\u2019t earn a salary for running Tesla, but is getting rich quick nonetheless. The outspoken CEO of the electric-car maker is poised to unlock the fourth tranche in an eye-popping $50 billion performance-based compensation deal, bring his total stock awards to-date to…<\/p>\n","protected":false},"author":1,"featured_media":98025,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/10\/Elon-Musk-1.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[77174,70462,39394,71245,36402],"class_list":["post-98024","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-10-26-20","tag-electric-cars","tag-elon-musk","tag-executive-compensation","tag-tesla"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/98024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=98024"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/98024\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/98025"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=98024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=98024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=98024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}