⁍ Tesla’s stock was down 0.8% at mid-day on Tuesday, but the company’s six-month average market capitalization rose, thanks to a strong rally in recent months.

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⁍ Each tranche gives Musk the option to buy 8.44 million Tesla shares at $70 each, about a sixth of their current price.

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⁍ Musk’s compensation is exclusively made up of a series of potential stock options rewards based on market capitalization and operational goals.

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– The six-month average of Tesla’s stock market value hit $250 billion on Tuesday, which means the electric car company’s stock is worth a lot more than it was at the start of the year—and a lot more for CEO Elon Musk. The company’s six-month average market capitalization has now hit $250 billion, meaning Musk will be able to sell some of his stock options at a discount, Reuters reports. Tesla’s stock was down 0.8% at mid-day on Tuesday, but the company’s stock has surged 400% in 2020 as the company increased sales of its Model 3 sedan, giving it stock market value of almost $400 billion. Each tranche gives Musk the option to buy 8.44 million Tesla shares at $70 each, about a sixth of their current price. At Tesla’s current stock price of $420, Musk would theoretically be able to sell the shares related to the upcoming tranche, plus three other tranches that vested in recent months, for a combined profit of $11.8 billion, or almost $3 billion per tranche. Musk’s compensation is exclusively made up of a series of potential stock options rewards based on market capitalization and operational goals. To secure Musk’s fourth tranche, Tesla still must hit a goal related to revenue or profitability, and that could happen in the company’s third-quarter report, the date of which has yet to be announced.