Despite Tuesday’s stock dip, and importantly for Musk’s personal finances, Tesla’s six-month average market capitalization for the first time has reached $150 billion. That triggers the vesting of the second of 12 tranches of options granted to the billionaire in his 2018 pay package to buy Tesla stock at a discount.
In early May, Musk’s first tranche vested after Tesla’s six-month average stock market value reached $100 billion. Each tranche gives Musk the option to buy 1.69 million Tesla shares at $350.02 each, less than a quarter of their current price. At Tesla’s current stock price of $1,594, Musk would theoretically be able to sell the shares related to the tranche that vested in May and the current tranche for a combined profit of $4.2 billion, or almost $2.1 billion per tranche.
https://uk.reuters.com/article/uk-tesla-stocks-musk/teslas-musk-qualifies-for-2-1-billion-payday-idUKKCN24M2PY
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