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Tesla could make Elon Musk earn $ 3 billion more

10/8/2020

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Tesla could make Elon Musk earn $ 3 billion more

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  • The average six-month valuation of the company on the stock market reached $ 250 billion.
  • This fact is one more step to activate the fourth of the 12 tranches of options to buy shares of the automaker with discounts, granted to the billionaire in his 2018 payment package.

Elon Musk , the founder of Tesla , could make $ 3 billion from the car company. All as a result of the fact that the average six-month valuation of the company in the stock market reached 250 billion dollars.

This fact is one more step to activate the fourth of the 12 tranches of options to buy shares of the automaker with discounts, granted to the billionaire in his 2018 payment package.

  • You may be interested: Who is Elon Musk? Biography, age and fortune of the entrepreneur of Tesla and SpaceX

In each of these tranches the tycoon has the opportunity to buy 8.44 million shares of his company at a price of $ 70 each, this is one sixth of the current price of Tesla shares.

Photo: Depositphotos.com

According to Reuters , Musk's reward is made up of a series of possible offsets on stocks that are based on market capitalization and operating targets.

To activate the fourth tranche of rewards, the billionaire's company still has to reach targets related to profitability and income. This could happen in the third quarter report.

The current price of the automaker's shares is $ 420 each, Elon Musk could sell the shares related to the next tranche, plus the other three tranches acquired in recent months for a combined profit of $ 11.8 billion, is that is, almost three billion dollars per tranche.

With information from Reuters

Related:
Tesla podría hacer que Elon Musk gané 3 mil millones de dólares más
Tesla could make Elon Musk earn $ 3 billion more
SpaceX gana contrato de 149.2 millones de dólares para fabricar satélites de seguimiento de misiles en EU





Business

via Entrepreneur https://ift.tt/1V7CpeP

October 8, 2020 at 05:24PM


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