NORAD/USNORTHCOM/Victor Tangermann
Cash Moneyz

Elon Musk Gets $700 Million Payday After Twitter Meltdown

byVictor Tangermann
5. 5. 20
NORAD/USNORTHCOM/Victor Tangermann

"Tesla stock price is too high imo."


After a self-sabotaging move of extraordinary proportions, Tesla CEO Elon Musk managed to wipe out billions in Tesla’s value — but now, days later, he’s getting an epic payday.

“Tesla stock price is too high imo,” the eccentric billionaire tweeted last Friday, in a series of mysterious tweets that sent share values plummeting and left shareholders shaking their heads.


Yet Tesla values still beat earnings expectations this week, with share values rebounding to late-April levels, closing at $761.19 yesterday. That also means Tesla achieved a six-month average of a hair over $100 billion, resulting in Musk qualifying for a sizeable $700 million payday, Reuters reports — if he’s willing to part with 1.69 million Tesla shares.

Outside of the pay package that was first agreed upon in 2018, Musk does not receive a salary or cash bonuses from either SpaceX or Tesla.


Baby Blues

The news also comes the same day Musk’s partner and artist Grimes gave birth to a healthy baby.

According to musk, the baby will be named “X Æ A-12 Musk.”

READ MORE: Tesla stock rise appears to qualify CEO Musk for $700 million payday [Reuters]

More on Musk: Elon Musk’s Weird Tweets Are Sending Tesla Stocks Into a Nosedive


Care about supporting clean energy adoption? Find out how much money (and planet!) you could save by switching to solar power at By signing up through this link, may receive a small commission.

Share This Article

Copyright ©, Camden Media Inc All Rights Reserved. See our User Agreement, Privacy Policy and Data Use Policy. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Futurism. Fonts by Typekit and Monotype.