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.)