时间:2025-04-02 13:17:01 来源:网络整理编辑:綜合
Remember Elon Musk's wild, all-or-nothing Tesla compensation plan? Well, it's certainly not going to
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
Tributes flow after death of former Singapore president S.R. Nathan2025-04-02 13:13
'GTA Online' is finally getting its very own battle royale game mode2025-04-02 12:53
SanDisk's new iXpand Base charges your phone and backs it up at the same time2025-04-02 12:17
Instagram rolls out Stories for mobile web browsers and desktops2025-04-02 12:14
17 questions you can answer if you're a good communicator2025-04-02 11:58
What Joel Osteen learned about social media from Hurricane Harvey2025-04-02 11:23
SanDisk just released the most impressive microSD card2025-04-02 11:15
Eric Trump doubts CNN will cover his dad's donation after CNN repeatedly covered it2025-04-02 11:01
You will love/hate Cards Against Humanity's new fortune cookies2025-04-02 10:54
Matt Damon explains the obnoxious requirement for filming in a Trump building2025-04-02 10:52
U.S. pole vaulter skids to a halt for national anthem2025-04-02 13:01
Matt Damon explains the obnoxious requirement for filming in a Trump building2025-04-02 12:50
Vanessa Carlton offers to replace damaged piano after seeing man's heartbreaking video2025-04-02 12:13
What Joel Osteen learned about social media from Hurricane Harvey2025-04-02 12:09
Olympics official on Rio's green diving pool: 'Chemistry is not an exact science'2025-04-02 11:59
Instagram rolls out Stories for mobile web browsers and desktops2025-04-02 11:59
What Joel Osteen learned about social media from Hurricane Harvey2025-04-02 11:39
Vanessa Carlton offers to replace damaged piano after seeing man's heartbreaking video2025-04-02 11:08
Old lady swatting at a cat ends up in Photoshop battle2025-04-02 10:52
12 kids who don't care what you think2025-04-02 10:38