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Tesla CEO Elon Musk Salary Was Zero in 2020, Says Tesla Company


Elon Musk Salary 2020: Electric vehicle manufacturer Tesla (TESLA) has issued a statement saying that the company’s CEO Elon Musk had earned zero earnings last year. That is, they have not achieved anything. Giving a regulatory filing, this carmaker has made many big announcements regarding the upcoming program.

Tesla CEO Elon Musk Salary Was Zero

It was told in the statement that Elon Musk’s earnings in 2019 were $ 23,760. However, in 2020 the revenues were nil meaning zero. According to the report, the base salary is based on individual role, performance and competitive market.

It said, “Musk historically paid a base salary that reflected applicable minimum wage requirements under California law and was subject to income tax based on such base salary (Elon Musk Annual Salary 2020). However, he never accepted that salary. In May 2019, at Musk’s request, we had eliminated these base salary earnings. The Tesla CEO and Amazon shareholder of the company also has many options in his salary package in 2018, which has now exceeded billions.


Salary of other officers?

The company statement also mentioned the base salaries of other Tesla executives, including Zachary Kirkhornley, Jerome Guillen, and Andrew Baglino. Tesla’s Finance Chief Zachary Kirkhornley has received $ 46.6 million in 2020. After this, Elon Musk’s contribution to the company has been told.

The statement said that Elon Musk has been in the CEO position since 2008 and has made a significant contribution to the company (Elon Musk Salary as CEO). He has been active in the recruitment process of officers and engineers. Along with this, he has contributed to vehicle engineering and design, raising money and bringing in investors.

How much is the net worth?

The figures show that Tesla CEO Elon Musk has a net worth of US $ 18,400 million. Elon Musk is also the founder and CEO of SpaceX (Elon Musk Views on Death). He has given his views regarding death by tweeting a day before. In a tweet, Musk has said, ‘Whenever death comes, I will welcome it.’ He said during the Twitter conversation that he wants to die on Mars.

Ashish Kumar Mishra
Ashish Kumar Mishra
Ashish Kumar Mishra is the Founder and CEO at Spot News 18. He created Spot News 18 on 30 June 2019. His intention to make these News Websites was only to provide correct and official news to his readers. Now, he is working on Spot News 18 to expand his website reach to all parts of the world.

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