Elon Musk Earned $775 Million Income from Tesla
Elon Musk, who made an agreement with Tesla in 2018, will not receive a salary from the company within the framework of the 10-year plan, according to the agreement, and will instead receive a salary for the determined 12 months.
Elon Musk, who made an agreement with Tesla in 2018, will not receive a salary from the company within the framework of the 10-year plan, according to the agreement, and will instead receive a salary for the determined 12 months.
who made a deal with Tesla in 2018 Elon MuskAccording to the agreement, he would not receive a salary from the company within the framework of the 10-year plan, but instead would be entitled to receive approximately 1.7 million Tesla shares when the 12 operational targets were achieved.
The company on Thursday US Securities and Exchange CommissionIn the document submitted to , it was reported that Musk, who achieved the first goal of the agreement, was entitled to receive 1.69 million shares from the company.
According to the agreement he made with Tesla, Elon Musk can buy shares according to the value determined in 2018 as he reaches the targets. Musk, thanks to his first operational performance, is worth $ 805.8 today. 1.69 million He will be able to buy the stock for 350 dollars. Thus, if he sells it, he will make a profit of approximately 775 million dollars.
If Musk achieves the 12 goals set by the agreement within 10 years, the total 20.3 million Tesla will be able to buy its stock for the determined fee. Thus, as Tesla's stock market value rises, Musk's earnings will increase.
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