1. Tesla says Elon Musk Will Only Get Paid When the Company Performs Well

    Tesla says Elon Musk Will Only Get Paid When the Company Performs Well

    (Reuters) - Tesla Inc said on Tuesday Chief Executive Elon Musk will receive no guaranteed compensation of any kind, and that he will be paid only if the company and all of its shareholders do extraordinarily well.

    The compensation will be based on a combination of market capitalization and operational milestones, the electric carmaker said in a statement...

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    1. Elon (Musk) will receive no guaranteed compensation of any kind - no salary, no cash bonuses, and no equity that vests simply by the passage of time.
    2. Thus, for Elon to fully vest in the award, Tesla's market cap must increase to $650 billion.
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