Elon Musk had certified for Tesla choices in his 2018 pay package deal (File)
Tesla Inc mentioned on Friday Chief Govt Officer Elon Musk’s whole compensation for 2020 was nil, in comparison with $23,760 in 2019.
The electrical-car maker additionally mentioned in a regulatory submitting that finance chief Zachary Kirkhorn’s whole compensation was $46.6 million, versus the $21.2 million he received in 2019.
The pay package deal of Musk, who can also be a significant shareholder and CEO of rocket maker SpaceX, requires Tesla’s market capitalization and monetary progress to hit a sequence of rising targets.
As of April, Musk had certified for Tesla choices in his 2018 pay package deal that are actually value over $30 billion.
Tesla added “Technoking of Tesla” to Musk’s listing of official titles in a regulatory submitting in March that additionally named Kirkhorn “Grasp of Coin.”
Earlier this month, Reuters reported that Musk will likely be additionally topic of a biography by Walter Isaacson, the U.S. creator who penned a best-selling tome on Apple co-founder Steve Jobs.
(Aside from the headline, this story has not been edited by NDTV employees and is printed from a syndicated feed.)
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