Tesla Stock Is Red Hot And Shows No Signs Of Stopping – Which Is VERY Good News For These 9 Tesla Board Members

By on September 2, 2020 in ArticlesBillionaire News

I hope you own some Tesla stock. If so, congratulations. It has been on an absolute tear lately! Needless to say, that is not the norm for most stocks. Reports that sales are better than expected in China and Elon Musk's plan to produce a commercial semi have sent Tesla's stock soaring. The stock is up more than 250% this year alone. In mid-June, shares of Tesla were trading at around $1,000 a share. As of this writing on August 27, 2020, shares are trading at $2,242.89.

[This article was written before Monday's 5-to-1 stock split and we decided to stick with the pre-split numbers]

That has been driving the value of the share packages Tesla's board members have through the roof. And then there's Elon Musk – who recently joined the $100 billion net worth club for the first time and now sits atop a net worth of $115 billion, $5 billion more than Mark Zuckerberg. On January 1, Elon Musk's net worth was $27.5 billion. On July 22 it was $79 billion.

Back in January 2018, the board of Tesla presented a compensation plan for Musk that could be worth $100 billion. Musk will receive up to $100 billion in stock options over a decade if he (and Tesla) meet certain goals, called tranches. There are 12-tranches to this plan. He received the first chunk of options when Tesla hit a market cap of $100 billion, which it did in May 2020. At the time the plan was announced, Tesla had a market cap of about $50 billion. After that, Musk gets another of the tranches every time Tesla's market cap increases by $50 billion. If Musk can grow Tesla to a $650 billion market cap, he would earn the entire $100 billion. Tesla must maintain the value for six months for Elon to earn the tranches.

FREDERIC J. BROWN/AFP via Getty Images

Speaking of the Board of Directors, these 10 individuals are ALSO getting super rich thanks to Tesla's soaring stock price. There are 10 board members at Tesla. Japanese pension fund boss, Hiromichi Mizuno, joined Tesla's board as the 10th member in April. His compensation plan is not public yet.

Here's how many Tesla shares the nine board members hold, and the value of those positions as of the August 27, 2020 share price of $2,242.89.

[Just to re-iterate, these numbers are just before the 5-1 stock split. So if you want to know how many shares each person below has today, just multiply by 5!]

#1. Elon Musk

Number of shares held: 34,098,597

Value (as of 8/27/20): $76,479,402,225.33

#2. Larry Ellison

Number of shares held: 3,001,250

Value (as of 8/27/20): $6,732,124,050.60

#3. Steve Jurvetson

Number of shares held: 156,343

Value (as of 8/27/20): $350,660,151.27

#4. Kimbal Musk

Number of shares held:130,848

Value (as of 8/27/20): $293,477,670.72

#5. Ira Ehrenpreis

Number of shares held: 23,764

Value (as of 8/27/20): $53,300,037.96

#6. James Rupert Murdoch

Number of shares held: 10,485

Value (as of 8/27/20): $23,516,701.65

#7. Robyn Denholm

Number of shares held: 1,000

Value (as of 8/27/20): $22,42,890

#8. Antonio Gracias

Number of shares held: 509

Value (as of 8/27/20): $1,141,631.01

#9. Kathleen Wilson-Thompson

Number of shares held: 360

Value (as of 8/27/20): $807,440.40

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