How much does Elon Musk, the richest man in the world, get paid as the CEO of Tesla?

According to the media report, compensation is determined depending on the company’s performance, meaning the increase in market value, In 2018, Tesla reportedly approved a $50 billion salary or compensation package for Elon Musk.Due to which Elon Musk is the highest paid CEO in the world

In 2021, more than 10 billion dollars were paid, which also led to Elon Musk being taken to court.

The lawsuit was filed in 2018 by Richard Tornetta, a Tesla investor, alleging that Elon Musk created his own pay plan.In violation of the law Elon Musk’s lawyers said the package was designed with Elon Musk in mind.The package, which was approved by the board, The Lawyer said, was necessary for Tesla’s CEO to focus on the company.

Leave a Reply

Your email address will not be published. Required fields are marked *