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

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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

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...

More about Tech, Tesla, Elon Musk, Tesla Model 3, and Tesla Motors

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