If Tesla's market value hits $100 billion, it will unlock the first tranche of Musk’s all-or-nothing moonshot award worth about $346 million.
Within a year, the company achieved two of the milestones for Musk’s award: It brought in more than $20 billion in aggregate revenue over four quarters and booked more than $1.5 billion in adjusted earnings before interest, taxes, depreciation and amortization over that span. It also said the next EBITDA threshold — $3 billion — is within reach.
For Tesla to achieve a $100-billion market value, its stock must climb to $554.80, based on the current number of shares outstanding. But it’s not a one-day event: The terms of Musk’s award require that both the six-month trailing share price average and the 30-day trailing average exceed that figure before the first tranche of options is released.
The tranche consists of 1.69 million options that would net Musk about $346 million if he exercised them and sold the shares immediately at the threshold share price, which could be a welcome payday for a billionaire who told a jury last month that he’sHowever, that’s an unlikely scenario. He hasn’t sold a single share of Tesla for years, apart from unloading
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