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Elon Musk on cusp of $730 mn award, even after odd tweet tanks Tesla stock

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Not even a pandemic -- or a tweet -- can push Elon Musk off the path toward claiming the first piece of his moonshot pay package.

Barring a sudden and massive plunge in the electric-car maker’s market value, its chief executive officer is poised to meet the final performance threshold needed to claim the first of 12 tranches as early as next week, data compiled by Bloomberg show.

The options would yield Musk a windfall of about $730 million if he exercised them immediately and sold the shares, based on Thursday’s closing price, but that’s unlikely given that Musk, 48, hasn’t sold any Tesla stock for years, except to satisfy tax obligations.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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