Elon Musk earns first performance-based payout from Tesla, worth more than $700 million – CNBC

Elon Musk goes to the groundbreaking ceremony of the Tesla Gigafactory in Shanghai, east China, on January 7, 2019.

Ding Ting

The tranche is made up of about 1.7 million shares of Tesla, and would be valued around $775 million based on Thursday’s closing market value. Musk does not take a wage at this point. He owned about 18.5% of the business as of May 1, according to FactSet, a stake worth around $24 billion. Tesla stockholder Richard Tornetta is challenging the payment strategy in a claim versus Musk and members of Tesla’s board., to Musk’s disappointment.

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