时间:2025-12-19 03:22:51 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
Dressage horse dancing to 'Smooth' by Santana wins gold for chillest horse2025-12-19 03:17
'Saints Row: The Third' is out for Switch and still so bonkers: Review2025-12-19 03:04
Amazon Prime members, one2025-12-19 02:50
Trump tries to pick Twitter fight with soccer star Megan Rapinoe2025-12-19 02:32
Cat gets stuck in the most awkward position ever2025-12-19 02:28
Netflix blames 126,000 lost U.S. subscribers on price hikes2025-12-19 02:03
This millennial's relatable tweet about time is blowing people's minds2025-12-19 01:42
AOC opens up about death threats after baseball team shows offensive video of her2025-12-19 01:39
17 questions you can answer if you're a good communicator2025-12-19 01:03
'Spider2025-12-19 00:51
Here's George Takei chilling in zero gravity for the 'Star Trek' anniversary2025-12-19 03:20
Google stored some users' passwords in plain text for years2025-12-19 03:15
New iPhones might get dual Bluetooth audio, report claims2025-12-19 03:00
Sex toy company Dame is suing the MTA for rejecting its subway ads2025-12-19 02:54
Metallica to seek and destroy your eardrums with new album this fall2025-12-19 02:13
Google Pixel 4 XL renders: bump on the back, forehead on the front2025-12-19 01:51
Meet Adam Eli, the gay activist who's changing the world through social media2025-12-19 01:26
Politician's emotive speech about her cancer diagnosis will move you to tears2025-12-19 00:58
Pole vaulter claims his penis is not to blame2025-12-19 00:53
Facebook's cryptocurrency plans may be more ambitious than we thought2025-12-19 00:50