, Musk’s stock rewards for achieving market value goals must be held for 5 years before being sold. During this period, Musk will also pay taxes for this part of the income. In addition, Musk also needs to meet the qualifications in order to obtain this part of stock options. At the expiration of this part of the stock options in 2028, Musk must also serve as Tesla and serve as CEO, or Musk as chairman and chief product officer, the new CEO reports to Musk, otherwise Musk will not be able to obtain stock Options.
In May of this year, Musk unlocked the first item in his compensation plan and was allowed to purchase 1.69 million shares at Strike Price, which in turn earned The profit is about US$770 million.
Musk said on Twitter last week that he could finally cash out his stock to further promote the development of his other company, Space X.