Tesla says CEO Elon Musk’s compensation for 2020 was zero

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Tesla said CEO Elon Musk’s total compensation for 2020 was zero, compared to $ 23,760 (approximately 18 lakhs) in 2019.

The electric automaker also said in a government filing that the total compensation paid to Chief Financial Officer Zachary Kirkhorn would be $ 46.6 million (approx.

Musk’s salary package, who is also the major shareholder and CEO of rocket maker SpaceX, requires Tesla’s market capitalization and financial growth to meet a number of rising targets.

By April, Musk had qualified for Tesla options in his 2018 salary package, which are now valued at over $ 30 billion (approximately Rs 2.22.520 billion).

Tesla added “Technoking of Tesla” to Musk’s list of official titles, also known as “Master of Coin” by Kirkhorn, in a government filing in March.

Earlier this month, Reuters reported that Musk will also be the subject of a biography of Walter Isaacson, the US author who wrote a bestseller about Apple co-founder Steve Jobs.

© Thomson Reuters 2021

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