Elon Musk Will Forego Salary if Tesla Does Not Meet Expectations

The CEO’s new compensation package announced Tuesday is something that takes an all-or-nothing approach to the betting table. Tesla will pay out stock options to Musk over the next decade in 12 different iterations, but only if he meets several sets of goals. According to Wired, In order for the stock options to be paid out, a set of milestones will need to be reached, one being for Tesla’s overall market value, and the other related to the company’s overall profitability.

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