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 Images

The 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 Images

Being 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...

And the company has unveiled some very impressive vehicles during Musk's time as CEO.

But Tesla had a little bit of an accident last year...

When unveiling Tesla's latest Cyber truck design in November, Musk got, for lack of a better word, a bit cocky.

He claimed that the automobile was unbreakable.

via: Getty Images

So 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...

The ball shattered the Cybertrucks supposedly shatterproof glass and, well, made Musk look like a bit of an idiot.

"It worked in rehearsals..."

After the fail during the presentation, Musk tweeted a video made earlier, when they had successfully practiced the stunt.

Inevitably, the incident led to people mocking Tesla.

Musk's presentation seemed to have seriously damaged Tesla's reputation.

People were mocking Elon directly.

As the founder and CEO of Tesla, Musk was getting a lot of criticism for the bizarre car design.

Not that Musk seemed to care, however.

Frankly, this guy is so rich he can do whatever he very well wants to!

Musk is certainly a man who knows what he's doing...

via: Getty Images

He 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...

Tesla recently unveiled it's highly anticipated Tesla Roadster sports car for the first time at the European Grand Basel motor show.

The design has been highly-anticipated...

The Roadster, an all-electric 4-seater machine that Tesla claims has a top speed exceeding 250mph, was revealed last year, but the firm has now shown it in public for the first time at the Swiss event, although the white model on display appeared to be a design shell.

It is a very fast model...

via: Getty Images

Tesla 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 Images

Musk 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?

But at the end of the day, speed isn't everything when it comes to a safe vehicle.

Tesla prides themselves on the safety of their vehicles.

There's nothing more important than driving a car that is safe and reliable, and Tesla pride themselves on their autopilot technology that is installed in all of their vehicles to prevent accidents.

So it's safe to say...

via: Getty Images

Tesla is worth a lot of money.

And speaking of money...

Musk has just made U.S history by paying himself a ridiculous sum based on performance-based compensation from Tesla.

Are you ready to hear the full amount?

via: Getty Images

Here 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 Images

He 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.

Another stockholder in Tesla is challenging Musk's actions, saying that it is an excessive amount and a breach of the moral integrity of board members.

The amount of money is involved is staggering.

via: Getty Images

The 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 Images

Having that option was part of a compensation package that was approved by the board back in 2018.

Tesla has also been confirmed to reach milestones of hitting a total market value of $100bn in a thirty day and 6-month average.

It also was confirmed that Tesla reached $1.5 billion in adjusted pretax earnings, although that one milestone still needs to be certified.

So as you can imagine...

It's a very happy day for Elon Musk. For more on Musk, keep scrolling to read about the confusion surrounding his new baby's name...