Tesla Pays CEO Musk $70,000 Following $78 Million Year
This article is for subscribers only.
Elon Musk, chief executive of Tesla Motors Inc. and one of the wealthiest U.S. entrepreneurs, saw his take-home pay from the automaker plunge to less than $70,000 last year, following a 2012 surge in his stock options.
Musk, Tesla’s 42-year-old co-founder, received total compensation of $69,989 in 2013, down from $78.2 million a year earlier, the Palo Alto, California-based company said in a filing. The value of stock and options in 2013 was $36,709, down from the previous year’s $78.1 million, which was a performance-oriented option that vests over a decade.