Tesla CEO Elon Musk is close to getting the first tranche of stock options at a record of $346 million after the securities of the American manufacturer of electric cars has more than doubled over the past three months.
Tesla stock on Monday rose in price by 9% to a record high. They should grow by another 6% to the market value of Tesla reached $100 billion, and then to provide this level as in an average month, and within six months, to be able to initiate the transfer of the Mask first of the 12 tranches of options.
According to FactSet, given the current number of Tesla shares in circulation, this means that the value of the stock should be $554,81. Today, the company’s shares were trading at $540 per unit.
Furthermore, Tesla must simultaneously fulfill the set targets for annual revenue or EBITDA (earnings before interest, taxes, depreciation and amortization). The company will have to report any revenues for the four quarters in the amount of $20 billion, or EBITDA of $1.5 billion.
Musk does not currently receive a salary, although he owns about 20 % of the share capital of the company.