Tesla CEO Elon Musk Qualifies for Unprecedented $2.1 Billion USD Payout



Tesla CEO Elon Musk qualified for an unprecedented payout of $2.1 billion USD yesterday, his second bonus since May from the company following its incredible stock surge.

A new report from Reuters notes that Tesla’s six-month average market capitalization officially surpassed $150 billion today, triggering the vesting of the second of 12 tranches of options granted to Musk in 2018.

Tesla is now the world’s most valuable carmaker, almost reaching $300 billion USD this month to be worth more than the market values of Toyota, Ford, General Motors, and Fiat Chrysler — combined.

Musk, on the other hand, who as recently as a few weeks ago was No. 20 in the global rankings, according to Forbes, is now behind only Facebook CEO Mark Zuckerberg, Microsoft’s Bill Gates, luxury goods titan Bernard Arnault, and Amazon chief Jeff Bezos.

Tesla will report its quarterly earnings early Wednesday evening.

Asked by Forbes about his wealth, outspoken Musk, who is also the CEO of SpaceX, said: “I really couldn’t care less. These numbers rise and fall, but what really matters is making great products that people love.”


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