Elon Musk Receives $115 Billion from Tesla, but It Cost the Company Not a Single Dollar

Elon Musk has just received a very high compensation, but as often happens, in the form of Tesla shares. We are talking about a whopping 303,960,630 shares, with a current theoretical gain of over $115 billion.

This compensation is part of the controversial agreement that had led Tesla and its investors to court, convinced that the agreed amount stemmed from the friendship of many board members with Musk himself. In the end, the compensation was nullified and then re-granted, and here we are with the cashing in.

Musk acquired the shares at an adjusted exercise price of $23.34, but on the day of the transaction, June 16, Tesla closed trading at $404.66. As a result, Musk found himself with a positive value of $381.32 per share, hence the monster figure.

The cost to Tesla would have been only $7.1 billion, but this amount was also offset by the fact that Musk, due to an agreement, left on the table 17,531,857 shares, which at the current value exactly cover $7.1 billion.

The only problem, if we want to call it that, for Elon Musk is that these new shares are locked until 2028, and thus for now, their equivalent value exists only on paper.