Elon Musk will get nothing if Tesla fails, almost everything if it succeeds
 

Elon Musk will get nothing if Tesla fails, almost everything if it succeeds
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Billionaire Elon Musk's future compensation from Tesla is now completely dependent upon the electric car company's future success.

Under a new 10-year plan announced on Tuesday, the Tesla CEO will henceforth receive $0 in salary. Instead, Musk will be rewarded with Tesla stock — but only if 12 specific "operational milestones" are met.*

SEE ALSO: Automotive expert Bob Lutz suggests buying a Tesla before it goes out of business


"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," Tesla's statement reads.* Read more...

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