So if the acquisition goes through, Musk would personally reap around $587 million to $632 million worth of Tesla shares.Ĭorrection: An earlier version of this story suggested that Musk and his family members would “take home” $700 million in this deal. The net impact was a total increase in the world’s fossil-fuel consumption of about 0.6. Musk, who is the CEO of Tesla and chairman of SolarCity, personally owns 22 percent of SolarCity’s, or 22.2 million shares. SolarCity CEO Lyndon Rive Tops the 2016 List of Highest Paid Execs in the Bay Area. ![]() Think: A one-stop-shop for your electric-powered car, the solar-powered battery that helps you charge the car and the solar-powered battery pack that will help you power your entire house.īut the deal might also be “blindingly obvious,” as Musk said, because Musk and his family stand to make a good chunk of change from the transaction. The total stock-for-stock deal amounts to about $2.8 billion, based on where Tesla stock was trading before the proposal was announced.Īccording to Musk, it’s a “no-brainer.” That’s because it’ll bring his two companies closer to achieving their goal of accelerating the transition to using sustainable and renewable energy to fuel everything we do. The deal has yet to be approved by shareholders, but Tesla’s board of directors has offered to swap SolarCity’s remaining stock for Tesla’s stock at $26.50 to $28.50 a share. At 36 and with a net worth of over 300 million, Elon Musk is one of Americas. ![]() So, how much is Lyndon Rive worth at the age of 44 years old Lyndon Rive’s income source is mostly from being a successful. Lyndon Rive Green energy CEO (SolarCity) and Underwater Hockey player. In today’s weird transportation news, Elon Musk’s car company just offered to buy Elon Musk’s solar energy company. SolarCity co-founder Peter Rive (right), his brother and former CEO Lyndon Rive, and Tesla CEO Elon Musk, celebrate the companys IPO by posing for a photo. His net worth has been growing significantly in 2020-2021.
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