Tesla could make Elon Musk earn $ 3 billion more

The average six-month valuation of the company on the stock market reached $ 250 billion.
Tesla could make Elon Musk earn $ 3 billion more
Image credit: Chris Saucedo | Getty Images

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
Entrepreneur Staff
2 min read
This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.
  • The average six-month valuation of the company on the stock market reached $ 250 billion.
  • This fact is one more step to activate the fourth of the 12 tranches of options to buy shares of the automaker with discounts, granted to the billionaire in his 2018 payment package.

Elon Musk , the founder of Tesla , could make $ 3 billion from the car company. All as a result of the fact that the average six-month valuation of the company in the stock market reached 250 billion dollars.

This fact is one more step to activate the fourth of the 12 tranches of options to buy shares of the automaker with discounts, granted to the billionaire in his 2018 payment package.

In each of these tranches the tycoon has the opportunity to buy 8.44 million shares of his company at a price of $ 70 each, this is one sixth of the current price of Tesla shares.

Photo: Depositphotos.com

According to Reuters , Musk's reward is made up of a series of possible offsets on stocks that are based on market capitalization and operating targets.

To activate the fourth tranche of rewards, the billionaire's company still has to reach targets related to profitability and income. This could happen in the third quarter report.

The current price of the automaker's shares is $ 420 each, Elon Musk could sell the shares related to the next tranche, plus the other three tranches acquired in recent months for a combined profit of $ 11.8 billion, is that is, almost three billion dollars per tranche.

With information from Reuters

More from Entrepreneur
Our Franchise Advisors will guide you through the entire franchising process, for FREE!
  1. Book a one-on-one session with a Franchise Advisor
  2. Take a survey about your needs & goals
  3. Find your ideal franchise
  4. Learn about that franchise
  5. Meet the franchisor
  6. Receive the best business resources
Make sure you’re covered if an employee gets injured at work by
  • Providing us with basic information about your business
  • Verifying details about your business with one of our specialists
  • Speaking with an agent who is specifically suited to insure your business
Whether you want to learn something new, be more productive, or make more money, the Entrepreneur Store has something for everyone:
  • Software
  • Gadgets
  • Online Courses
  • Travel Essentials
  • Housewares
  • Fitness & Health Devices
  • And More

Latest on Entrepreneur