Elon Musk Unlocks First Part Of Compensation Package
- 4 years ago
Tesla CEO Elon Musk unlocked the first part of his $55 billion compensation package. According to Business Insider, Musk does not take a salary from the company. Tesla had to reach $20 billion in revenue and a sustained market cap of $100 billion before Musk could receive his package. Now Musk can buy 1,688,670 shares at a discount price of $350.02 a piece. While Bloomberg’s Billionaires Index showed Musk is worth around $40 billion, he is “cash poor,” with most of his wealth in Tesla stock.