Following Tesla’s record-breaking quarterly profits, Elon Musk is expected to collect a massive bonus worth more than $23 billion. Musk would receive three tranches of shares as part of his remuneration deal with the electric car company, despite not receiving a salary for his role as CEO.
More Things to Come
Tesla’s board of directors will have to approve the performance-related stock awards, which are estimated to be worth $7.7 billion each. According to Forbes, the Tesla CEO has a personal fortune of $263 billion, making him the world’s richest man.
For the Times to Come
However, his investments in Tesla and SpaceX are responsible for a large portion of his income. It’s no surprise that Tesla has become the world’s most valuable carmaker, given the spike in demand for electric vehicles in recent years.
With how Musk is taking charge of things, especially with Twitter, it seems he has a firm grip on his expenses and is still making huge plans for the coming times. As we await more news from the billionaire, he still aims to gain more benefits while we watch out if he would still grab Twitter for a hefty sum.