By Chris Isidore | CNN Business
For a CEO who receives no salary, Elon Musk’s 2020 payday reached sky-high levels.
He received four grants to buy 8.4 million Tesla shares in 2020. After paying the exercise price, those blocks of stock options were each worth $6.2 billion at Wednesday’s closing price. The combined $24.8 billion value of those options alone is more than Musk was worth a year ago when Forbes calculated its billionaire’s list, when he was ranked as the world’s 31st richest person.
2021 and 2022 could be nearly as lucrative for him.
The company’s annual financial filing this week disclosed that Musk will probably receive three additional options grants this year, each as large and as lucrative as those he received in 2020.
At current values, those three options tranches would be worth $18.6 billion.
Analysts are now forecasting that Tesla’s 2022 financial results will likewise reach heights that would bring Musk three additional blocks of options. Tesla…
— to www.mercurynews.com