Tesla granted billionaire founder Elon Musk a $2.6 billion stock options. This is the largest option grant of its kind. If fully vested over a decade, the stock options would net Elon as much as $55.8 billion. Along the way, nothing would be guaranteed — zero salary or cash bonuses.
Elon Musk’s 2012 grant was linked to development and production of electric cars. The new package of 20.3 million options is tied solely to financials — raising Tesla’s market value to $650 billion, roughly in line with Amazon and boosting either revenue or adjusted earnings before interest, taxes, depreciation and amortization. The grant vests in 12 increments if both market value hurdles and either one of the financial goals are met. The grant will require shareholder approval at a meeting in March.
While Tesla has struggled with manufacturing issues that have raised questions about its ability to mass-produce cars, the company has met the production target of 300,000 vehicles outlined in Musk’s 2012 grant. The one remaining milestone for the 2012 options is a gross margin of 30 percent for four consecutive quarters. Tesla’s margin has averaged about 21 percent during the last four quarters, according to data compiled by Bloomberg.
If the award fully vests, Musk would own a 28 percent stake in the company worth about $184 billion. Elon already owns a large part of Tesla.
Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com
, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.