Musk laughing all the way to the bank. The bonus would be half the money he needs for the Twitter deal. Note - he earned the money - Tesla performed way above expectations since the company gave him his 2018 deal.
The company outlined an extraordinary deal for Musk in 2018 that would pay him an unprecedented record $55.8bn (£40bn) bonus if he built the business into a $650bn company within a decade.
He achieved that milestone early, in January 2020. Tesla today has a market value of $1.1tn, after a 1,600% rise in its share price since the target was set in January 2018. The shares jumped 11% in early trading on Thursday to $10.60.
Tesla trades (it's stock price as of close yesterday) at 205 times earnings. It's market value is over $1 trillion. In fact Tesla sold about 1% of all the cars sold in the world last year. But it's stock market value is equal to the market value of ALL the other carmakers in the world combined.
Moral of the story - it better keep growing or the stock price will tank ... Brigid owns the stock...
This is very close to being chump change for Elon, since his Tesla company is worth about three quarters of a trillion bucks!
Posted by: the Imperial Inundator - SWEAT | Monday, June 27, 2022 at 02:44 PM