Elon Musk as CEO of Tesla certainly no longer receives a salary like employees in general. However, his income was so fantastic, in 2020, his income had reached its highest level.
In 2020, Elon Musk received additional stock options of 8.4 million Tesla shares worth US $ 6.2 billion. Therefore, the price of Tesla’s shares at that time suddenly skyrocketed, Musk’s wealth has increased by around US $ 150 billion since March 2020, from the previous US $ 24.8 billion, when he was still ranked the 31st richest person in the world. world. As is well known, Tesla’s shares rose more than 743% in 2020, making Tesla the winner of the largest stock market, as well as one of the most valuable companies in the world.
Quoted from CNBC, Saturday (13/2/2021) in the years 2021 and 2022 could be even more profitable for Elon Musk. Evidently, in the first week of 2021 alone, Tesla’s shares have recorded an increase of 12% from the previous level.
Elon Musk Has 3 Additional Share Options
In addition, from the company’s annual financial filing this week revealed that Elon Musk may receive three additional share options this year, each as large and profitable as he received in 2020. At current value, all three the options portion will be worth US $ 18.6 billion.
Analysts also predict that Tesla’s finances in 2022 will also reach a high which automatically gives Musk another three additional option blocks. Tesla could hit either of these profit targets by 2021, meaning Musk could match the four-stage options he received last year.
As well as pocketing stock options, Musk actually already owns 170 million of Tesla shares directly, worth an estimated US $ 137.2 billion. He can actually buy shares himself. This is because the profits from his holding shares could reach nearly US $ 123 billion by 2020.
The share options he received last year came from the second compensation package approved by Tesla shareholders in 2018. This allowed him to receive an additional 101 million options. shares for US $ 70 each. These options can come in 12 separate parts, the same size.
If Tesla’s share price continues to rise, the value of the options will also increase. In late May, when Tesla confirmed that Musk received the first block of options for 2020, they were valued at just US $ 770 million after exercise price. Today they are worth US $ 6.2 billion.
Musk hasn’t used any of the options yet. The higher-ups of a company that accepts stock options usually use them when the time is up, or to free up cash. Elon Musk never sold Tesla stock.
