Elon Musk Gets Closer to a $346 Million Payday

As Tesla shares rise, Elon Musk stands to score the first $346 million of a possible $55 billion payout

For Elon Musk to unlock the full US$50 billion bonus by 2028, he and his team have to increase Tesla's annual revenues to US$175 billion - it is about US$24 billion today.

On Monday, as The CEO Magazine reported, analyst Colin Rusch, of Oppenheimer, massively raised his Tesla price target to US$612 and on Tuesday, investment bank Jefferies raised its target price on Tesla to US$600, calling Tesla "the only carmaker engaged in a positive-sum game in EVs amid rising market acceptance". "But is he the only person in this position who can act as CEO and deliver that value to shareholders?"

The news comes after Tesla made the first deliveries of its locally produced Tesla vehicles this month. "That is the billion dollar question".

Last week, Tesla's stock market value hit almost $89 billion, eclipsing the sum of General Motors' and Ford's for the first time, fueled by a surprise third-quarter profit, progress at a new factory in China and better-than-expected vehicle deliveries in the fourth quarter.

Last week, Tesla's market value reached almost $ 89 billion, exceeding General Motors and Ford's market value for the first time, driven by a surprising third quarter profit, progress in a new plant in China, and above-average results. expected deliveries in the fourth quarter.

This is the actual definition of the remuneration for performance. The company would need to report either trailing-four-quarter revenue of $20 billion or EBITDA (minus stock based compensation) of $1.5 billion.

In 2018, Tesla's board and shareholders authorized an unparalleled compensation plan for Musk, allowing him to earn options worth potentially more than $55 billion over the next decade.

"In order to achieve a shift of "Made in China" to "Designed in China", Tesla's CEO Elon Musk has proposed a very cool thing - set up a design and research center in China", the recruitment notice reportedly reads.

At the time, Musk's pay package seemed unattainable since it would require Tesla's value to grow as much as ten-fold over a ten year span. And now it looks Musk is said to reap huge rewards for Tesla's surge. Tesla has since awarded stock to employees and a year ago sold $2.7 billion in shares and convertible bonds.

Tesla's market potential is still not fully tested. Sales of small SUVs and crossovers dominate the USA auto market and a more affordable electric version could become the most popular vehicle Tesla has ever made.



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