Elon Musk has been entitled to a special award from Tesla

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The head of Tesla Elon Musk has got the right to his first special prize-a bonus from the company. This writes CNBC, citing documents filed in State Commission on securities and stock market of the USA (Securities and Exchange Commission, SEC).

Elon Musk, Tesla does not receive salary, but can count on 20.3 million stock options, which are divided into 12 tranches, follows from company documents. The receipt of the trenches associated with the achievement of the goals of Tesla for an increase in the cost. One of them, the average market capitalization above $ 100 billion in six months — Tesla reached in early may.

After that Musk received the right to redeem 1.69 million shares of the company at a price of $ 350 apiece. On the stock exchange at the time of closing of the previous auction of the paper was worth more than $ 800 per security. Thus, the head of Tesla can make 775 million dollars. However, according to the latest financial report, Tesla, Musk must own the securities of at least five years before you can sell them.

As of may 1, 2020, Elon Musk owns 18.5 per cent stake in the company. Cost almost a fifth of the company is $ 24 billion.

Video, photo All from Russia.

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