Due to the unexpected delivery in the second quarter, Tesla's share price has soared by more than 40% in the past seven trading days, making the company's market value reach 259 billion US dollars. More importantly, for Musk, the average market value of Tesla in the past six months has reached a record $6,543.8+$38 million.
According to the salary plan signed by 20 18 Tesla and Musk, Musk has no basic salary. If Tesla's average market value in six months reaches 1000 billion US dollars, Musk can get the first batch of 12 options. If Tesla's average market value in six months reaches $6543.8+050 billion, Musk will get the second batch of options. Each batch of option awards allows Musk to purchase 6,543,800+0,690 Tesla shares at a preferential price of $350.02 per share. If Tesla's market value reaches $650 billion and achieves its revenue and profit targets, Musk can get all the option rewards. Now, Musk is very close to meeting the requirements of the second batch of option awards.
At present, Tesla's share price has reached $65438 +0.397. In theory, if Musk cashes in the first two options, he will get more than $3.5 billion, equivalent to about $65,438+$800 million per share. In May of this year, Musk met the requirements of the first batch of options. At that time, the reward amount was about 700 million US dollars. Now because the company's share price has risen sharply, its value has risen a lot. In the past year, Tesla's share price has risen by more than 500% due to the substantial increase in model 3 sales.
When announcing Musk's salary plan, Tesla said that if no new shares were issued, Musk could theoretically earn up to $55.8 billion. However, since then, Tesla has been issuing new shares to compensate employees. Last year, Tesla issued $2.7 billion worth of stocks and variable bonds, and in February this year, it issued another $2 billion worth of new shares.