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Elon Musk gets a $116 billion Tesla payday
Elon Musk has exercised the entirety of his 2018 Tesla (TSLA) CEO pay package, acquiring 303,960,630 shares for a paper gain of about $116 billion, according to a new SEC filing.
AI Summary
Elon Musk has exercised a significant portion of his 2018 Tesla CEO pay package, acquiring nearly 304 million shares of the company's stock. This move has resulted in a substantial paper gain of approximately $116 billion, according to a recent SEC filing. However, it's worth noting that Musk did not sell any of the acquired shares, and the stock is currently locked up until 2028.
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