HOW WILL ELON MUSK'S COMPENSATION PLAN WORK?
Tesla Inc shareholders approved a compensation package potentially worth as much as $2.6 billion for Elon Musk
Elon Musk could make as much as $2.6 billion in a compensation package recently approved by Tesla shareholders.
But, there won't be a salary or cash bonus involved.
For Musk to receive the rewards, Tesla's market value must hit certain targets.
The awards involve stock options in 12 tranches - and for the first, Tesla must rise to $100 billion.
The firm is currently valued at about $52.46 billion.
If the firm's market value rises to $650 billion over the next 10 years, Musk could ultimately be awarded over $55 billion in stock options.
Read articles that feature this panel
Tesla shareholders approve Elon Musk's 'all or nothing' compensation plan that could see him awarded $2.6 BILLION - but only if the firm...
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