Elon Musk’s shortcut to a $1 trillion payday.
An escape clause in Elon Musk’s $1 trillion Tesla pay package approved last year would eliminate daunting operational targets if SpaceX were to purchase Tesla, as many expect. Under the terms, an acquisition treats those performance goals as met. Depending on the acquisition price SpaceX sets for Tesla, which Musk can heavily influence, a merger could instantly award him hundreds of millions of Tesla shares and consolidate his voting control. [Link: See How a Tesla-SpaceX Merger Gives Musk a Shortcut to His $1 Trillion Payday | https://www.wsj.com/business/see-how-a-tesla-spacex-merger-gives-musk-a-shortcut-to-his-1-trillion-payday-327bc491?st=Gq7Hre&reflink=desktopwebshare_permalink | WSJ]
An escape clause in Elon Musk’s $1 trillion Tesla pay package approved last year would eliminate daunting operational targets if SpaceX were to purchase Tesla, as many expect. Under the terms, an acquisition treats those performance goals as met. Depending on the acquisition price SpaceX sets for Tesla, which Musk can heavily influence, a merger could instantly award him hundreds of millions of Tesla shares and consolidate his voting control. [Link: See How a Tesla-SpaceX Merger Gives Musk a Shortcut to His $1 Trillion Payday | | WSJ]
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