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    Home»Sections»Motoring and transport»Tesla says Elon Musk’s 2020 pay was $0

    Tesla says Elon Musk’s 2020 pay was $0

    Motoring and transport By Agency Staff14 August 2021
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    Elon Musk

    Tesla CEO Elon Musk’s total compensation for 2020 was nil, compared to US$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 SpaceX, requires Tesla’s market capitalisation 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”.

    Musk will be the subject of an upcoming biography by Walter Isaacson, the US author who penned a bestselling tome on Apple co-founder Steve Jobs.  — Reported by Tiyashi Datta with, additional reporting by Noel Randewich, (c) 2021 Reuters

    Elon Musk Tesla Zachary Kirkhorn
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