India  
 
NewsR.in

Elon Musk Unlocks First Part Of Compensation Package

Video Credit: Wochit News - Duration: 00:32s - Published
Elon Musk Unlocks First Part Of Compensation Package

Elon Musk Unlocks First Part Of Compensation Package

Tesla CEO Elon Musk unlocked the first part of his $55 billion compensation package.

According to Business Insider, Musk does not take a salary from the company.

Tesla had to reach $20 billion in revenue and a sustained market cap of $100 billion before Musk could receive his package.

Now Musk can buy 1,688,670 shares at a discount price of $350.02 a piece.

While Bloomberg’s Billionaires Index showed Musk is worth around $40 billion, he is “cash poor,” with most of his wealth in Tesla stock.


You Might Like


Related videos from verified sources

Historic SpaceX launch sends NASA astronauts into space [Video]

Historic SpaceX launch sends NASA astronauts into space

SpaceX, the private rocket company of billionaire entrepreneur Elon Musk, launched two Americans toward orbit from Florida on Saturday in a mission that marks the first spaceflight of NASA astronauts..

Credit: Reuters Studio     Duration: 01:28Published
Launch Success! SpaceX Rocket Lifts 2 Americans Into Orbit [Video]

Launch Success! SpaceX Rocket Lifts 2 Americans Into Orbit

A rocket built by Elon Musk’s SpaceX company thundered away from earth with two Americans on Saturday, ushering in a new era in commercial space travel. CBS special report (5-30-20)

Credit: CBS 5 SF KPIX     Duration: 09:44Published
SpaceX, NASA launch U.S. astronauts into orbit [Video]

SpaceX, NASA launch U.S. astronauts into orbit

SpaceX, the private rocket company of billionaire entrepreneur Elon Musk, launched two Americans toward orbit from Florida on Saturday in a mission that marks the first spaceflight of NASA astronauts..

Credit: Reuters Studio     Duration: 01:13Published