⁍ Tesla Chief Executive Elon Musk qualified on Tuesday for a payout worth an unprecedented $2.1 billion.

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⁍ Musk’s second jackpot since May from the electric car maker following its massive stock surge.

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⁍ Tesla’s stock was down 3% in afternoon trading, eroding a recent rally that has elevated the company’s market capitalization to almost $300 billion.

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– Tesla’s stock took a dip Tuesday, but it wasn’t because investors were selling off the company’s shares. It was because Elon Musk qualified for a second $2 billion jackpot from the electric car company, CNBC reports. That’s because the second of 12 tranches of options granted to the CEO in 2018 vested Tuesday at a discount of 25% to $2.1 billion. Musk has the option to buy 1.69 million shares at $350.02 each, which is less than a quarter of the current price of $1,594. At Tesla’s current stock price of $1,594, Musk would theoretically be able to sell the shares for a combined profit of $4.2 billion, or almost $2.1 billion per tranche. Musk’s first tranche was worth about $700 million in May, when it vested, but its value has since increased along with Tesla’s stock price. The median compensation for Tesla employees last year was about $58,000, according to a company filing. Tesla’s stock has surged more than 500% over the past year as the company increased sales of its Model 3 sedan. Following higher-than-expected second-quarter vehicle deliveries, some investors believe Tesla might report a profit in its second-quarter report on Wednesday after the bell.