Elon Musk does not receive a traditional salary from Tesla or SpaceX.
He has chosen to forgo a salary in favor of stock options and other forms of compensation. This is a common practice among CEOs of high-growth companies, as it aligns their interests with those of the shareholders.
Instead of a set salary, Musk's compensation is tied to the performance of the companies he leads. This means that he benefits financially when the companies do well, and he suffers when they do poorly.
- Tesla: Musk's compensation package is based on the achievement of certain performance targets, such as revenue, profitability, and market capitalization.
- SpaceX: Musk's compensation is similarly tied to the company's performance, with a focus on reaching specific milestones in its space exploration ambitions.
While Musk may not receive a traditional salary, his compensation packages are still substantial and are based on the success of the companies he leads. This approach aligns his interests with those of shareholders and incentivizes him to drive the companies towards growth and profitability.
