Elon Musk Has a New Salary. He’ll Only Get Paid If Tesla Shareholders Get Extremely Rich

Tesla chief Elon Musk will forgo all compensation if the company does not reach milestones regarding valuation and operations, the company has announced.

Tesla is worth around $59 billion today, but it’s instituting a series of a dozen targets that end up with a whopping $650 billion valuation in a decade’s time.

Elon will receive no guaranteed compensation of any kind--no salary, no cash bonuses, and no equity that vests simply by the passage of time. Instead, Elon's only...

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