Billionaire Elon Musk‘s future compensation from Tesla is now completely dependent upon the electric car company’s future success.
Under a new 10-year plan announced on Tuesday, the Tesla CEO will henceforth receive $0 in salary. Instead, Musk will be rewarded with Tesla stock — but only if 12 specific “operational milestones” are met.
“Elon will receive no guaranteed compensation of any kind – no salary, no cash bonuses, and no equity that vests simply by the passage of time,” Tesla’s statement reads. Read more…
More about Tech, Tesla, Elon Musk, Tesla Model 3, and Tesla Motors