Tesla Inc (TSLA)

[mick]

$TSLA
Is Tesla's Board About to Give Musk the Heave-Ho?
By Alex Koyfman
Written Jul 08, 2020
To those who knew the facts and staggering figures behind the controversy, the following shouldn't be surprising in the least.

But, just in case you're not privy to the details, a bit of background: Two years ago, Tesla CEO Elon Musk, then 46 years old, was approved for the biggest compensation package ever awarded by a company to an executive.

The payout structure is somewhat complex, involving 12 market separate capitalization targets spread over an undetermined period of time.

Each "target" is defined by an additional $50 billion being added to Tesla's valuation.

If all 12 are met, and the company hits a market capitalization of $650 billion, then Musk's ultimate compensation windfall is unlocked — giving him a total payout of $55.8 billion.