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For: Real America News Updated 27 Jan 2022, two: 09 am EST
Despite the fact that Tesla shares owned by Elon Musk have lost about $30,000 million dollars this year, after a drop of 12%, the founder of the electric car company will continue to earn million dollars.
Because of how the market is and financial trends, Musk is expected to make big profits over the next year, according to financial analysts, reported CNN.
One of the reasons why it is believed that the founder of Tesla will increase his fortune, it has to do with the fact that the brand will report high financial increases this 2022, which which will represent billions of dollars for Musk per share award .
Because of how it is designed Given the Tesla business model, the also owner of SpaceX does not have a remuneration or cash bonus. Musk receives stock options depending on whether the company achieve certain financial and market value objectives.
In 2018, the businessman born in 1971 was assigned 101 millions of split-adjusted shares to be granted in 12 equal installments, as the company reaches those objectives, CNN highlighted.
For now, market value targets have been achieved, although Tesla’s recent decline left it off the list of companies with a $1 trillion market capitalization.
In contrast to the above, seven of the financial objectives were achieved, two of them in 2018, two in 2021 and three in the first nine months of 2021. So has already received 59 million of the 101 million of the proposed allocation.
Analysts expect the company achieves the remaining five financial goals this year for Elon Musk to collect the entire sum that was raised in 2018.
“With Tesla’s growth trajectory, I’d be surprised if it didn’t get all five tranches this year if all targets are met,” Dan said. Ives, Technology Analyst at Wedbush Securities.
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Based on the foregoing, the technological entrepreneur could agree to buy 8.4 million shares for an affordable price of $70.04 dollars per share, share price of 2018, how where the objectives were set.
Today the price per share of Tesla is equivalent to $930 dollars, that means each option tranche would be worth $7,300 million dollars and the five tranches would total $36,300 millions of dollars.
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