Musk Nearing $1.4 Billion Windfall as Tesla Achieves Milestones
- Musk has 5.27 million options tied to market value, production
- Carmaker on track to hit more goals soon as Model 3 nears
QuickTake: Elon Musk Living on the Edge
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Only six remaining milestones stand between Tesla Inc.’s Elon Musk and an estimated $1.4 billion windfall for the carmaker’s billionaire chief executive officer.
Musk, who was awarded 5.27 million stock options in 2012 tied to Tesla operational and market value targets, has achieved six of the 10 operational goals to date, up from five at this time last year, according to a proxy statement filed Thursday. The automaker has also met eight of the 10 market value milestones, up from seven last year, the filing shows.