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Elon Musk just earned $780 million from Tesla — but there’s a catch


It’s a big day for Elon Musk. The enigmatic billionaire just unlocked almost $800 million worth of cheap Tesla shares — the first payout in what’s considered the largest compensation package of its kind in history. Indeed, Musk can now buy around 1.7 million Tesla shares for $350.02 each, a total cost of just over $595 million. Tesla stock currently trades at $808.32, which means Musk hypothetically stands to profit $778.6 million in just two trades. [Read: A look at the $17 billion stock portfolio of the Bill and Melinda Gates Foundation] Musk earned the shares by keeping the trailing average of Tesla‘s…

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