Elon Musk, one of the world’s wealthiest persons, can become more prosperous by $3 billion as Tesla’s up-coming quarterly report suggests. The tech giant on Tuesday witnessed the six-month average of its stock value hit $250 billion.
Musk’s compensation is made up of a sequence of prospective stock options rewards based on market capitalization and prepared goals. To secure Musk’s fourth tranche, the company will have to hit a plan related to revenue, which could happen in the company’s III quarter report. The date for the same is yet to be announced.
Due to the strong rally in the previous months, its six-month average rose, despite a downward movement in Tesla’s stock by 0.8%. It is noteworthy that each tranche allows Musk to buy 8.44 million Tesla shares at a rate of $70 each share, which is one-sixth of the current price. Theoretically, Musk will make $3 billion per tranche if he sells the upcoming tranche and the previous three tranches for a combined profit of $11.8 billion.