Elon Musk earns performance-based Tesla payout worth $775M

Elon Musk earns performance-based Tesla payout worth $775M

Tesla confirmed that CEO Elon Musk will get the first tranche worth nearly $770 million of a stock-based compensation package triggered by the company meeting several financial metrics. The stock of the electric car maker advanced over 332 percent during the past 52 weeks. Musk has foregone a base salary in exchange for receiving discounted Tesla shares based on company performance.

David
David
Andrew 1010
Andrew 1010 0 months

Well earned I must say he's performed immensely well with the EV market.

Occam’s lazer
Occam’s lazer 0 months

Question tho, do we really need that bit of explanation at the beginning of every article...like oh god, without the specific mention of Tesla I probably wouldn’t be able to recognize which Elon musk we’re talking about

Steven
Steven 0 months

Good for him!

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