Ad Clicks : Ad Views : Ad Clicks : Ad Views : Ad Clicks : Ad Views : Ad Clicks : Ad Views : Ad Clicks : Ad Views :
img

Elon Musk will get nothing if Tesla fails, almost everything if it succeeds

/
/
/
This post was originally published on this site
TwitterFacebook

Billionaire Elon Musk‘s future compensation from Tesla is now completely dependent upon the electric car company’s future success.

Under a new 10-year plan announced on Tuesday, the Tesla CEO will henceforth receive $0 in salary. Instead, Musk will be rewarded with Tesla stock — but only if 12 specific “operational milestones” are met. 

“Elon will receive no guaranteed compensation of any kind – no salary, no cash bonuses, and no equity that vests simply by the passage of time,” Tesla’s statement reads.  Read more…

More about Tech, Tesla, Elon Musk, Tesla Model 3, and Tesla Motors

  • Facebook
  • Twitter
  • Google+
  • Linkedin
  • Pinterest

Leave a Comment

Your email address will not be published. Required fields are marked *