Tesla says Elon Musk’s 2020 compensation was nil

Tesla says Elon Musk’s 2020 compensation was nil Tesla Inc stated on Friday Chief Executive Officer Elon Musk’s whole compensation for 2020 was nil, in comparison with $23,760 in 2019.
The electric-car maker additionally stated in a regulatory submitting that finance chief Zachary Kirkhorn’s whole compensation was $46.6 million, versus the $21.2 million he obtained in 2019.
The pay bundle of Musk, who can be a significant shareholder and CEO of rocket maker SpaceX, requires Tesla’s market capitalization and monetary progress to hit a collection of rising targets.
As of April, Musk had certified for Tesla choices in his 2018 pay bundle that at the moment are price over $30 billion.
Tesla added “Technoking of Tesla” to Musk’s checklist of official titles in a regulatory submitting in March that additionally named Kirkhorn “Master of Coin”.
Earlier this month, Reuters reported that Musk might be additionally topic of a biography by Walter Isaacson, the US writer who penned a best-selling tome on Apple co-founder Steve Jobs.