“Not a word, and deed”: Elon Musk was awarded first prize in the Tesla for the condition

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“Not a word, and deed”: Elon Musk was awarded first prize in the Tesla for the condition

CEO of Tesla Elon Musk was awarded a first prize in the company, because the average market capitalization of Tesla is $100 billion over the past six months, writes Bloomberg.

Thus, the capitalization of the company reached the threshold needed to Elon Musk received his first reward.

Elon Musk receives a salary in Tesla no money, and binary options. This tool, depending on the implementation of the agreed conditions within a certain period, or brings a prize, or nothing at all.

Three other conditions for receipt of the first option the Mask was made earlier: the average market value of the company at $100 billion over 30 days, $20 billion in revenue and $1.5 billion in profit before certain adjustments.

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Remuneration the Mask consists of 20.3 million stock options, divided into 12 parts. The conditions for receiving the options depend on the capitalization growth of the company. It is noted that the total compensation package Mask – the largest corporate deal in history, enclosed between the CEO and the Board of Directors. In case the Mask will be able to accomplish all the goals, he will earn more than $50 billion.

As the first prize of the Musk got the right unlock of 1.69 million shares at a price of $350,02 per share. At the close of trading on Tuesday, may 5, Tesla stock was trading at a price of $768,21. Thus, the value of the options Mask is $706 million.

We will remind that on may 1, Elon Musk has fallen off the capitalization of Tesla is $14 billion, wrote on Twitter that the shares of his company are too expensive.