It has just been announced that Elon Musk has just paid himself one of the biggest performance-based compensations in U.S. history.
Keep scrolling to see just how much...
Today is a very good day for multi-millionaire Elon Musk.
via: Getty ImagesThe Tesla CEO has just paid himself one of the biggest single payouts in U.S. history, and as we can imagine, it's a hell of a lot of money. The amount will blow your mind.
Elon Musk is a very wealthy man.
via: Getty ImagesBeing the founder, CEO and Chief Engineering Designer of Tesla and SpaceX, he has an awful lot going for him.
Tesla is known for its state of the art engineering...
But Tesla had a little bit of an accident last year...
He claimed that the automobile was unbreakable.
via: Getty ImagesSo confident in the shatterproof design, he asked Tesla design chief Franz von Holshausen to throw a ball at the Cybertrucks window.
Maybe he threw it a little hard...
"It worked in rehearsals..."
Franz throws steel ball at Cybertruck window right before launch. Guess we have some improvements to make before pr… https://t.co/CKb9LTjydR— Elon Musk (@Elon Musk)1574482077.0
Inevitably, the incident led to people mocking Tesla.
@tailosivetech @elonmusk Put Tesla glass on the next iPhone— Amber 💕🧡 (@Amber 💕🧡)1574482508.0
People were mocking Elon directly.
Not that Musk seemed to care, however.
Musk is certainly a man who knows what he's doing...
via: Getty ImagesHe is a seriously smart guy, and even if we don't like the current Cyber truck design, we bet they're the start of a new era in automobile design.
He certainly wasn't finished with the Cybertruck...
The design has been highly-anticipated...
It is a very fast model...
via: Getty ImagesTesla says the launch version, first confirmed during the launch event for the new Tesla Semi lorry in California, will feature 10,000nm of torque (7376lb ft) from 3 motors. It can hit 60mph in 1.9 seconds, half-a-second quicker than the current fastest-accelerating Tesla, the Model S P100D.
He is no stranger to a fast car...
via: Getty ImagesMusk said the successor to Tesla’s first production car, which went off sale 6 years ago, can accelerate from zero to 100mph in 4.2 seconds and complete a quarter-mile sprint in 8.9 seconds.
Who doesn't love a fast car?
Tesla prides themselves on the safety of their vehicles.
So it's safe to say...
via: Getty ImagesTesla is worth a lot of money.
And speaking of money...
Are you ready to hear the full amount?
via: Getty ImagesHere we go... Musk has just received a payout of $700 million.
The CEO's payout was triggered after the company reached a few of its targets, including hitting $20 billion in total revenue for its last four quarters.
via: Getty ImagesHe has chosen not to have a base salary with the company, instead opting for deeply discounted Tesla shares.
But of course, not everyone is happy about this huge payout.
The amount of money is involved is staggering.
via: Getty ImagesThe filing said that Musk is able to purchase 1.69 million shares of Tesla stock, costing $350.02 each - although it wasn't made clear whether he did or not.
The payout he got is based on the difference between the option price and Thursday's closing share price of $805.81.
via: Getty ImagesHaving that option was part of a compensation package that was approved by the board back in 2018.