Original title: Tesla's market value is soaring, and Musk, who doesn't pay a penny, will receive a prize of 1.8 billion US dollars! Source: Yunzhang Finance
We all know that Musk has no salary at Tesla; his income depends entirely on options. In 2018, Tesla announced a remuneration plan for Musk only. According to the plan description, Tesla set 12 reward goals for Musk. Every time he completes a Musk, he will receive an option reward once. The target starts at 100 billion dollars in market value, and every increase in Tesla's market value of 50 billion dollars is a target.
According to current Tesla's latest stock price estimate, Tesla's stock price has soared 40% in the past seven trading days, and now its market value has reached 253.1 billion US dollars. This is because car deliveries in the second quarter exceeded expectations, and China sold 11095 Model 3 electric vehicles produced by the Shanghai factory in May alone.
The first option reward Musk received at Tesla was in May of this year. The average market value for six months after Musk arrived at Tesla exceeded 100 billion dollars. Musk then received about 700 million US dollars in options. Now Tesla's stock price has reached 1,373 US dollars, and Musk will receive a reward of nearly 1.8 billion US dollars after completing the target.
According to the remuneration plan initially announced, if no new shares are issued, and Tesla's six-month average market value reaches 650 billion US dollars by 2028 and fulfills corresponding financial targets, Musk could theoretically earn up to 55.8 billion US dollars in revenue.