Elon Musk's pay package has the potential to make him the richest man in the world if Tesla continues to grow
As part of a pay package approved by shareholders in 2018, the Tesla CEO stands to get options to buy 1.7 million shares of Tesla shares once the company has achieved a $100 billion market value over a period of six months, as well as hitting certain financial performance targets it has already achieved.Tesla didn't cross the $100 billion market cap threshold until a few weeks ago, on Jan. 22, but Musk could qualify for this first batch of options later this spring.
The top target will be paid out if Tesla reaches a market value of $650 billion, more valuable than all but four US companies today - Apple , Microsoft , Amazon and Google parent Alphabet . But there are a dozen steps he can take to reach that lofty goal, and each could get him an additional 1.7 million options. At Tuesday's closing price of $774.38, this first batch of Tesla options would have a value of $716.6 million, the difference between that and the $350.02 exercise price.
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