Tesla Paid CEO Elon Musk Just $37,584 In 2015
Reuters is reporting that Tesla Motors released its compensation records for top executives, including CEO Elon Musk.
In 2015, Musk received $37,584 in compensation from Tesla, which works out to minimum wage pay for the year. Of course, Musk holds stock options too, but those don’t count towards annual compensation for Tesla’s CEO.
In 2014, Mr. Musk received $35,360, so the Tesla boss received a tidy cost of living bump of ~6%
On the options: The Tesla CEO got 5.27 million stock options in 2012 that were pegged to offset compensation over a ten year term for Musk’s efforts. Today those shares are worth some $1.3 billion at time of press (or about $130 million/per year). It total Mr. Musk currently owns 37.2 million shares of TSLA (real time quote), good for about $9.4 billion.
Meanwhile, newly appointed Chief Financial Officer Jason Wheeler received $21 million from Tesla Motors in 2015. $20.9 million of that comes from stock options given to him in 2015 by Tesla. His salary amounted to only$46,154 in 2015, or right around minimum wage too.
Reuters further reports the following:
“JB Straubel, the company’s chief technology officer, got $250,560 in salary while Doug Field, Tesla’s vice president of engineering, received a $306,923 salary and $2,808,785 in stock awards…”