$TSLA Another $1.8 Billion in Bonuses for Elon as Tesla Shares Hit $1,350
By Alex Koyfman
Written Jul 12, 2020
It's crazy to think that it's only been a little over a week since I wrote to you about Elon Musk's unprecedented bonus structure approved by the board of his flagship company Tesla Motors (NASDAQ: TSLA).
Back then (all 168 hours ago), the company was trading at around $1,200 with a market cap hovering in the $225 billion range.
Just weeks earlier, Musk had been awarded the first of 12 potential bonus tranches for leading the company to a sustained $100 billion valuation.
When exercised, this first taste was worth north of $700.
Recently, as I watched premarket trading of Tesla shares go up and over $1,350 and the company's market capitalization cross the $250 billion market cap mark, Musk started to count down the days until his next tranches are unlocked.
tesla
If the company manages to sustain those levels through the end of the year, he will rake in close to 2 billion off each successive installment.
Unless the bottom drops out sometime between now and the end of December, he will make $10,280,000 per day, every day, in the second half of 2020 — and that's not including the gains he's already taking as every one of his 34 million existing shares of the company, and his other ventures, continue to appreciate.
That's how it's done, ladies and gentlemen.
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