Elon Musk About To Get Another $1.8 Billion Payday From Tesla

FREMONT, CA — At the end of May Tesla granted CEO Elon Musk stock options worth $1.8 billion today. Now, the Bay Area electric car company is about to do that again — for a second time in just over two months.

Musk’s pay package, approved by Tesla shareholders in 2018, doesn’t pay him any salary or cash bonuses. Instead, it laid out a plan that could eventually give him 20.3 million stock options over the course of 10 years, in 12 equal blocks of 1.7 million options, as long as the company hits a series of operational and market value goals.

Read more at CBS San Francisco