$700 Million Performance Bonus to Elon Musk1 min read

Elon Musk

Tesla’s CEO, Elon Musk, added another 700 million dollars to his fortune.

He also owes Tesla to the founder of this. Tesla board of directors and shareholders made a bonus payment of $ 700 million to the CEO of the company, Musk, due to the added value it brought to the company. The company made the payment with stocks worth $775 million. So Musk now owns more of the company.

Nearly $1 billion bonus every year

According to Musk’s agreement with Tesla, Tesla will pay 12 premium to Musk. So if this successful performance continues, the company will give Musk nearly 1 billion dollars for 12 years.

Meanwhile, Musk, who argues that “it is pointless to own property,” continues to sell the houses he owns. It is not difficult to predict that a detailed analysis of such property will be the subject of a thesis at universities.

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