Elon Musk Just Earned 780 Million From Tesla But There S A Catch
Indeed, Musk can now buy around 1.7 million Tesla shares for $350.02 each, a total cost of just over $595 million. Tesla stock opened Friday trade at $808.32, which means Musk hypothetically stands to profit around $778.6 million in just two trades. [Read: A look at the $17 billion stock portfolio of the Bill and Melinda Gates Foundation] Musk earned the shares by keeping the trailing average of Tesla’s market cap above $100 billion over both 30-day and six-month periods, having already satisfied preliminary conditions of the payout back in 2018....