Highsnobiety

Elon Musk has just secured a huge payday as Tesla’s average market capitalization over the past six months has reached $100 billion. Because of this, Musk can now unlock 1.69 million stock options priced at $706 million, Bloomberg reports.

As of Tuesday, Tesla stock climbed .9 percent to close at $768.21. Musk can in turn purchase the stock at $350.02 per share and then sell to make the $706 million.

This is the latest performance goal met by Musk from his Tesla contract, following three others that have already been achieved, including $100 billion average trailing market value over 30 days, $20 billion in revenue, and $1.5 billion in earnings.

Bloomberg points out that the Tesla CEO's compensation package — which is split into 12 tranches — accounts for the largest corporate deal ever between a CEO and board members. If he meets each goal, Musk will earn over $50 billion, which would more than double his current $38.5 billion fortune.

For more on Elon Musk's recent payday, visit Bloomberg.

We Recommend
  • omega x swatch
    We Went Shopping for Omega x Swatch at Resale & Here's What We Found
    • Style
  • Image on Highsnobiety
    Pharrell & His $1 Million Louis Vuitton Bag Are Taking Over Paris
    • Style
  • Image on Highsnobiety
    Loulou Paris Is The Must-Visit Restaurant for Design Lovers
    • Style
  • Image on Highsnobiety
    Elon Musk vs Mark Zuckerberg To Be Streamed on X
    • Culture
  • Image on Highsnobiety
    Trouserology: A Brief Guide to Must-Know Pant Silhouettes
    • Style
  • Image on Highsnobiety
What To Read Next
  • nocta nike run
    Don't Walk, Run in NOCTA's Running Gear
    • Style
  • red panda dunks
    Now If You Look to the Right, You'll See the Red Panda Dunks
    • Sneakers
  • adidas & The Simpsons' collaborative sneakers, including Itchy, Scratchy & Poochie-themed Rivalry and Pro shoes in grey, blue, and black
    adidas & The Simpsons' New Shoes Died On the Way to Their Home Planet
    • Sneakers
  • ivy park adidas black collection
    Okay, This IVY PARK x adidas Drop Is Actually Good (Maybe It's Best)
    • Style
  • Penn Badgley Skirt Outfit Valentino SS24
    Penn Badgley's Pantsless Valentino 'Fit Is Perfection
    • Style
  • Photographs of Mizuno's Wave Prophecy Moc & Infinity Moc shoes in black leather
    The Most Insane Mizuno Shoes Ever Designed Are Back
    • Sneakers
*If you submitted your e-mail address and placed an order, we may use your e-mail address to inform you regularly about similar products without prior explicit consent. You can object to the use of your e-mail address for this purpose at any time without incurring any costs other than the transmission costs according to the basic tariffs. Each newsletter contains an unsubscribe link. Alternatively, you can object to receiving the newsletter at any time by sending an e-mail to info@highsnobiety.com

Web Accessibility Statement

Titelmedia (Highsnobiety), is committed to facilitating and improving the accessibility and usability of its Website, www.highsnobiety.com. Titelmedia strives to ensure that its Website services and content are accessible to persons with disabilities including users of screen reader technology. To accomplish this, Titelmedia has engaged UsableNet Inc, a leading web accessibility consultant to help test, remediate and maintain our Website in-line with the Web Content Accessibility Guidelines (WCAG), which also bring the Website into conformance with the Americans with Disabilities Act of 1990.

Disclaimer

Please be aware that our efforts to maintain accessibility and usability are ongoing. While we strive to make the Website as accessible as possible some issues can be encountered by different assistive technology as the range of assistive technology is wide and varied.

Contact Us

If, at any time, you have specific questions or concerns about the accessibility of any particular webpage on this Website, please contact us at accessibility@highsnobiety.com, +49 (0)30 235 908 500. If you do encounter an accessibility issue, please be sure to specify the web page and nature of the issue in your email and/or phone call, and we will make all reasonable efforts to make that page or the information contained therein accessible for you.