Musk would receive no salary or cash bonus, with the compensation tied to stock awards if Tesla meets both market cap, operational targets
The world’s richest person has consistently said he needs more of a stake in the company, even as a legal battle over his 2018 pay package – then valued at a mere US$56 billion – continues.
The regulatory filing puts Musk on a different plane than other technology executives, saying that “traditional compensation packages granted to executives at other companies were determined to not be appropriate for designing Musk’s incentive compensation”.
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