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.