Tesla CEO Elon Musk will be able to get a bonus of two billion dollars after the average market capitalization of Tesla exceeded 150 billion dollars in six months. This is written by Bloomberg.
Musk now has the right to buy back 1.69 million shares of the company, although he must wait at least five years before selling them. The price of one is $350.02, so an entrepreneur could earn $2.1 billion in securities.
According to the terms of the agreement, the CEO of Tesla does not receive a fixed salary and bonuses, and his remuneration is tied to the company's performance. The compensation package includes 12 tranches that could bring Musk more than $50 billion if all of Tesla's capitalization goals are met.
In May, the billionaire was entitled to his first $775 million bonus after the auto giant's market capitalization exceeded $100 billion.
In July, it became known that Musk entered the top 5 richest people in the world, his fortune is estimated at 71.5 billion dollars.