Analysts Predict Elon Musk Will Earn Billions This Year Despite Not Taking Home a Salary From Tesla
Despite his unusual pay structure, Elon Musk is predicted to make billions in 2022.
If predictions for Tesla are correct, CEO Elon Musk is going to have a really good 2022.
will report strong financial results this year, adding billions to Musk’s wealth. However, , as his wealth is earned based on stock awards.
, the Tesla CEO has been on a payment plan based on a series of performance milestones Tesla must hit between now and January 2028. His 2018 pay package allocated 101 million split-adjusted shares that would be awarded to him in 12 equal portions, and he has already hit seven. Analysts are expecting Tesla to hit the remaining five financial targets in 2022 鈦犫 .
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However, Tesla’s predicted success isn’t a completely sure thing. The company’s valuation can be questionable, as it is worth more than the 10 largest automakers in the world even though it posts significantly smaller sales than each of them. after its fourth-quarter sales volumes were announced, .
“As you’re seeing investors heading for the hills on risk, Tesla shares are caught in the storm,” Wedbush Securities analyst Dan Ives told CNN.
The billionaire also suffered from major market sell-offs at the beginning of 2022. Musk has lost around $27 billion since the start of the year, and he is around $100 billion less wealthy than he was in November.
for the fourth quarter of 2021 and the full year after the market closes on Wednesday.
As of Tuesday morning, Musk’s net worth is .
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If predictions for Tesla are correct, CEO Elon Musk is going to have a really good 2022.
will report strong financial results this year, adding billions to Musk’s wealth. However, , as his wealth is earned based on stock awards.
, the Tesla CEO has been on a payment plan based on a series of performance milestones Tesla must hit between now and January 2028. His 2018 pay package allocated 101 million split-adjusted shares that would be awarded to him in 12 equal portions, and he has already hit seven. Analysts are expecting Tesla to hit the remaining five financial targets in 2022 鈦犫 .
