HomeTech NewsTesla Says CEO Elon Musk's 2020 Compensation Was Nil

Tesla Says CEO Elon Musk’s 2020 Compensation Was Nil

Tesla mentioned on CEO Elon Musk’s complete compensation for 2020 was nil, in comparison with $23,760 (roughly Rs. 18 lakhs) in 2019.

The electrical-car maker additionally mentioned in a regulatory submitting that finance chief Zachary Kirkhorn’s complete compensation was $46.6 million (roughly Rs. 345 crores), versus the $21.2 million (roughly Rs. 160 crores) he acquired in 2019.

The pay package deal of Musk, who can be a serious shareholder and CEO of rocket maker SpaceX, requires Tesla’s market capitalisation and monetary development 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 (roughly Rs. 2,22,520 crores).

Tesla added “Technoking of Tesla” to Musk’s checklist of official titles in a regulatory submitting in March that additionally named Kirkhorn “Grasp of Coin.”

Earlier this month, Reuters reported that Musk might be additionally topic of a biography by Walter Isaacson, the US creator who penned a best-selling tome on Apple co-founder Steve Jobs.

© Thomson Reuters 2021

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