Tesla CEO Elon Musk makes $24 million on IPO
With public trading of common stock in Tesla Motors now underway, Tesla CEO Elon Musk managed to earn at least $24 million. Public filings show that Musk has already sold 1.42 million personally-held shares in his company.
Musk is believed to have sunk at least $70 million of his own money in Tesla, and has made massive investments in his other companies, including private rocket builder SpaceX and solar panel firm SolarCity. He earned $300 million through the sale of PayPal and Zip2, however a filing related to his much publicised divorce from wife Justine showed that he only had $650,000 remaining in "liquid assets," according to the Detroit Free Press.
Tesla's CEO still has 26.9 million shares of the company. The stock closed at $23.83 on Wednesday, setting the value of the shares at over $641 million.










