It's not a cash payout. It's a stock grant that was worth a lot less when it was originally authorized.

It's a weird situation. It sounds like an unconscionable amount now only because of Musk's success in raising the stock value. Like he's being paid too much because he was too successful.

The size of the payout was linked to stock growth targets, so when the pay deal was agreed it would have been clear it would be worth a massive amount if the stock growth targets were hit.

Oh wow I ended up reading it at millions as well. Likely because 55 billion wasn’t within the real of belief.

Right - I can remember when basically the only number that hit was Microsoft’s market cap.

wow i didn't know that tesla only existed in 2023, and all past and future years dont exist

Bonuses are typically annual.