Elon Musk Earns $775M Performance-based Payout

5/28/20

Elon Musk has earned the first tranche of his mammoth performance-based payout from Tesla (NASDAQ:TSLA) for keeping the company's market cap at $100B or more on a 30-day and six-month moving average. Other conditions: Trailing four-quarter revenue of $20B or EBITDA of $1.5B.

The first tranche is for options allowing the purchase of about 1.7M shares at $350.02 each - they're worth just shy of $800M based on today's close of $805.81.

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