Musk takes down a sky-high salary of 780 billion yuan, which can be realized in 2028

Recently, Tesla's filing with the US Securities and Exchange Commission showed that CEO Elon Musk cashed in on his 2018 compensation plan on June 16. Musk thus netted about 2.86 billion Tesla shares, with a book profit of $116 billion. The filing showed that Musk exercised 3.04 billion stock options at a split-adjusted exercise price of $23.34 per share. On June 16, Tesla's closing price was $404.66 per share, resulting in a price difference of $381.32 per share and a single transaction book profit of about $116 billion. According to the terms of the implementation agreement, this exercise is settled on a "net basis," with Tesla withholding 17.53 million shares to offset the exercise cost, equivalent to Musk netting about 2.86 billion shares. It is worth noting that the above shares are restricted stock and must meet the service duration requirement. Musk is expected to be able to sell this batch of shares in 2028.