The rally in the share price has been overseen by Musk.
The photo was taken by Matt Rourke.
Almost 15 million of the 22.9 million stock options granted to Musk in 2012 have been exercised.
There are still 7.9 million left to go for the CEO of the company. The shares could net him around $7 billion if he fires the options up.
The electric-car maker's share price has fallen hard in recent weeks as investors are not comfortable with its lofty level.
Musk has been exercising his options at a rapid pace in recent weeks, and has sold large chunks of his shares to meet tax-withholding obligations.
The last closing price was more than 20% below the record high. It has fallen further in Tuesday's session to hit $943.26, but it is still up 33.5% year to date.
The 2012 option grant gives Musk the right to buy the company's stock at $6.24 before August 2022.
If Musk exercises the remaining options, he could end up with $7.59 billion to the good. He would have to pay almost $50 million to get the shares, which he could sell for $7.63 billion.
The taxman would take a big slice of the billion-dollar gains, because of the way Musk's salary and compensation is structured.
Musk is selling things.
Musk exercised 2.1 million more options, then sold 934,000 of them to cover taxes. Some of the shares have been put into his personal trust.
Musk's sales have netted him over 13 billion before tax, which is around 12 million shares.
In September, the CEO said that he would sell a huge block of options in the fourth quarter.
Musk put in place a plan to start exercising his options and sell some of the proceeds to cover taxes.
He did this before he asked on the social networking site if he should sell 10% of his stake in the company.
The pay deal is even more generous.
Musk's accountants will focus on his huge compensation deal once they have dealt with his 2012 options.
As long as Musk stayed on as CEO, he would be given 101.3 million options with a strike price of $70.01.
The 4 disruptive technologies will deliver 16% annual earnings growth and beat Big Tech titans like Apple andTesla over the next 5 years.
Musk has met the targets quicker than thought possible. The company's stock price increased and it made money.
Musk was given half of the options, which adds up to 50.65 million shares. If converted to Monday's price, they'd be worth around $46 billion.
It's anyone's guess where the stock price will be seven years from now.
Craig Erlam, senior market analyst at Oanda, said that when the targets were set, they appeared incredibly ambitious.
The share price is high, but it has been thrown at companies that have gone from strength to strength.
Business Insider has an original article.
