Tesla says Elon Musk’s 2020 compensation was nil
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. read more
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.
Reporting by Tiyashi Datta in Bengaluru, additional reporting by Noel Randewich in Oakland, California; Editing by Maju Samuel and Sonya Hepinstall
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