Tesla says Elon Musk's 2020 compensation was nil

Reuters2021-08-14

Aug 13 (Reuters) - Tesla Inc said on Friday Chief Executive Officer Elon Musk's total compensation for 2020 was nil, compared to $23,760 in 2019.

The electric-car maker also said in a regulatory filing that finance chief Zachary Kirkhorn's total compensation was $46.6 million, versus the $21.2 million he got in 2019.

The pay package of Musk, who is also a major shareholder and CEO of rocket maker SpaceX, requires Tesla's market capitalization and financial growth to hit a series of rising targets.

As of April, Musk had qualified for Tesla options in his 2018 pay package that are now worth over $30 billion.

Tesla added "Technoking of Tesla" to Musk's list of official titles in a regulatory filing in March that also named Kirkhorn "Master of Coin."

Earlier this month, Reuters reported that Musk will be also subject of a biography by Walter Isaacson, the U.S. author who penned a best-selling tome on Apple co-founder Steve Jobs.

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Comments

Lovery5
2021-08-16
Lovery5
?
HappyGo1977
2021-08-15
HappyGo1977
cool
SXZX2026
2021-08-15
SXZX2026
More to come!
Francislch
2021-08-15
Francislch
?
Rickyt089
2021-08-15
Rickyt089
Like pls
BlueDaisy
2021-08-14
BlueDaisy
His biography by W. Isaacson!! Yes!!

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