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Elon Musk May Soon Become The World’s First Trillionaire, Here’s How

Anthony
 Anthony

A trillion is a lot of zeros.

Tesla CEO Elon Musk may soon become the world’s first trillionaire.

Musk’s chance of becoming the world’s first trillionaire comes from a new pay package Tesla is offering him.

The pay package includes over 420 million shares of Tesla stock, which will not make a him a trillionaire but if Tesla’s value rises, he will be on the door of becoming a trillionaire.

CNN reported a more in-depth report on how Musk may soon make all of those zeros:

Elon Musk, already the world’s richest person, could become the first trillionaire after the Tesla board unveiled a massive new pay package for its CEO to keep his focus on the troubled EV maker.

The package would grant him additional shares of Tesla stock if the company is able to grow far beyond its current value, with a market capitalization far greater than any company has ever approached. Musk’s previous pay package, which added significantly to his massive wealth, also laid out ambitious growth plans that once appeared to be a reach – but which Tesla proved able to reach easily.
The new pay package could grant Musk 423.7 million additional shares of Tesla stock. Those shares would be be worth $143.5 billion at today’s stock value.

But Musk would get those shares only if the value of Tesla stock increases significantly in coming years. The company stock would need to reach an overall value of $8.5 trillion for Musk to get all the shares, significantly above the current market capitalization of $1.1 trillion

Those 423.7 million new shares that Musk would get under this package would be worth close to $1 trillion should the company hit the increased valuation targets spelled out in Friday’s proxy statement.

If Tesla shares are able to reach the $8.5 billion market capitalization value, it could become the most valuable company ever. It would be worth roughly double the current market value of Nvidia (NVDA), the current most-valuable company on the market. Tesla is already the most valuable automaker by a large margin, even though legacy automakers, like second-most valuable automaker Toyota, sell far more vehicles and now make more profits.

Read Full Article Here…(wltreport.com)


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