Elon Musk’s subsequent large payday looms

Swisher on Musk: 'very good executive' who sometimes "acts like an 11 year old"_00001312.png

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CEO Elon Musk doesn’t receive any cash salary or bonus. He’s paid only with stock options. But he has just about exhausted the options available from the compensation package he got from Tesla in 2018, a package that turned out to be the most lucrative package of stock options issued by any company, according to Courtney Yu, director of research at executive compensation firm Equilar.

The 93.9 million options Musk has received so far from that package were worth $86.8 billion as of Friday’s close, after taking into account the exercise price.

Musk got 25.3 million of those options just this past week due to the record earnings Tesla posted Wednesday. He’s likely to soon receive another 8.4 million options, probably after the company posts its second or third-quarter results, based on analysts’ revenue forecasts for the company.

But those 8.4 million options, worth billions, are a relatively small portion of what Musk ultimately might receive. Once he gets those additional options,…

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