Musk sold a block of 5.4 million Tesla shares that he had previous held in trust over the course of three days shortly after the completed his Twitter poll. And if analysts’ estimates are correct, he could get an additional 8.4 million options in the second or third quarter of 2022, and yet another blog early in 2023. Musk could qualify for one block of 8.4 million options with the fourth-quarter results, and two more with first quarter 2022 results, according to Wall Street’s consensus forecasts. Company filings state that it is “probable” that the needed financial targets will be achieved soon.Īnalysts agree. Tesla has already accounted for three additional blocks of 8.4 million options each going to Musk soon, for a total of 25.3 new options, more than making up for the ones he is in the process of exercising. With the company now worth $1 trillion, the market value targets are all already accomplished, so it’s a matter of revenue and profit targets being hit. Musk’s pay package was designed to give him 12 different blocks of options once the company hits certain financial performance and market value targets. The number of options Musk holds is likely to grow significantly in the coming year. He’s not likely to exercise them soon, as virtually none of those options will expire until January of 2028. But he’ll still have 50.7 million other options that will allow him to buy that many additional shares, albeit at a higher exercise price than options he is now purchasing. Once he’s done with these soon-to-expire options, Musk will have 22.9 million fewer options than he had at the start of this process. Musk is keeping most of the shares he’s acquiring, rather than selling them all, as other executives have been known to do when exercising options, including Robyn Denholm, the chair of Tesla’s board. But that will still leave him with nearly 7 million more shares than he has today. If past practice is any indication, he’ll sell about 5.3 million of those newly acquired shares to cover his tax bill.

Grow castle game tree