Richer and richer: Elon Musk is awarded the right to buy Tesla shares at a profit of nearly $ 800 million

Tram Ho

After many difficulties encountered with Tesla, billionaire Elon Musk has achieved results. After helping Tesla reach the first milestone, CEO Elon Musk was awarded the right to buy Tesla shares at a profit of nearly $ 800 million. This is just the first of 12 bonus milestones that Tesla promised to give to Elon Musk.

According to what Tesla announced today, CEO Elon Musk has reached the first milestone after helping the company earn $ 20 billion in total revenue in the past four quarters, and helped Tesla’s market capitalization exceed the $ 100 billion mark. .

Đã giàu còn giàu hơn: Tỷ phú Elon Musk được thưởng quyền mua cổ phiếu Tesla với giá lời gần 800 triệu USD - Ảnh 1.

Tesla has awarded Elon Musk the right to buy 1.69 million shares at a discounted price of only $ 350.02 per share, totaling $ 591 million. Meanwhile, Tesla’s stock price is currently 805.81 USD / share, which means that the total value of these shares is about 1.36 billion USD.

That is, if immediately sold these shares, billionaire Elon Musk can profit more than $ 770 million. If stock prices continue to rise, and Tesla reaches the next milestones, CEO Elon Musk will continue to be entitled to buy 20.3 million Tesla shares at preferential prices. That means this billionaire can earn tens of billions of dollars.

Elon Musk paid no salary as CEO at Tesla. The billionaire’s worth of paper assets is about $ 40 billion, but he constantly reinvests his money in his companies. Therefore, Elon Musk is also always in shortage of cash.

Reference: theverge

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Source : Genk