Elon Musk Collects Payout Valued at $775 Million from Tesla

Tesla (NASDAQ: TSLA) CEO Elon Musk has collected his first payment in a massive $56 billion incentive package put in place in 2018. This first tranche is worth almost $775 million based on Thursday's closing price for Tesla shares, the options strike price of the agreement, and the 1.7 million shares granted to Musk, according to an SEC filing. 

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Source Fool.com