Elon Musk is currently working for Tesla for free. That could change | CNN Business

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Musk hasn’t taken any kind of cash salary since 2019, when he only received $23,760, which was required under California minimum wage law.

Musk still has the potential to continue pulling in staggering sums of money, thanks to Tesla, but not in the way that his regular workers make their money. That’s because the CEO hasn’t taken any kind of cash salary since 2019, when he only received $23,760, which was required under California minimum wage law.

” Ives said that a new pay package for Musk would assure investors that he intends to stay at the top of Tesla long term, and not be tempted to shift his focus to Twitter or SpaceX or Neuralink or the Boring Company or any of his other companies or interests. “The board needs to send a signal; the street needs to have comfort that Musk is going to be dialed in as CEO of Tesla for the better part of the next decade,” said Ives. Some have objected to Musk’s pay packages.

 

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I would also work for free if I owned half the world

Mybe needs alot biger salary and bonus

Your numbers are really down. Why is that I wonder ?

I will send him a £ RONJO

Made minimum wages but owns a private jet.

there's just no making some of you happy. and to think...a year ago most of you worshiped the ground he walked on.

Joe Biden should work for free too

Tax free stocks which can be security for twitter deal. Shame

Yep but i assume his dividends are enough to cover his running cost.

yeah. and he owns the company.

Poor guy !

Familiar with such talk: a dictator in Uganda 🇺🇬 claims to be earning only $1000 per month 🫣🤣🤣🤣

Yeah right - leveraged shares, he's taking plenty

Tax evasion

No personal salary, no personal taxes paid. Yet he takes in millions fri the company, and the company pays no taxes. He pays ABSOLUTELY NO TAXES!

Ridiculous, he owns 412 million shares of Tesla stock. The man is good and nobody is feeling sorry for Musket.

Maybe instead of worrying about elon you could report on Twitter x employees in a hearing saying FBI paid them to censor people also biden admin along with Schiff sent request after request for accounts to be taken down. That goes directly against constitution

I'm sure he has extensive expenses which are paid outside of his minimum wage stipend.

Just charge everything to the company and then put them as OPEX

Its funny how he was the hero of the left till his political views changed. Look at the comments… the left if full of hate and bigotry and they have shown their true self. They hide behind good intentions and EQUITY while hating everything and everyone around them… natzis

Oh what a pity. He must be starving right now. Shocking. 🤨

Tax smart

So?

He is the owner of Tesla. There is a profit. What a salary.

He is not working for free. What a misleading headline.

Wow, must be a great person 🙄

🤣🤣🤣🤣🤣

He’s overpaid

For those who didn't bother reading the actual story, they're highlighting how he and other CEOs get rich by way of incentive packages that pay stock options, at steep market discounts, over salary. His have run out for now. Tesla is working out a new batch.

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