Spoiler: It's NOT a regular paycheck! Musk’s deal is almost all in Tesla stock.
Here’s how the $29 billion is structured:
– 95% Stock Option – 3% Performance Bonu – 1% Base Salary – 1% Other Incentive
Stock options = the right to buy Tesla shares at a set price. If Tesla’s stock goes up, Musk cashes in BIG.
– Revenue target – Market value milestone – Product launche
– Revenue target – Market value milestone – Product launche
Some say Tesla’s board is too close to Musk. Only 1 board member is truly independent!
If the old (even bigger) pay package is approved in court, Musk can only take ONE—no double dipping!
Will $29 billion keep Musk focused on Tesla? Investors—and the world—are watching.
What would you do with $29 billion?