Tesla said on CEO Elon Musk’s total compensation for 2020 was nil, compared to $23,760 (roughly Rs. 18 lakhs) in 2019.
The electric-car maker also said in a regulatory filing that finance chief Zachary Kirkhorn’s total compensation was $46.6 million (roughly Rs. 345 crores), versus the $21.2 million (roughly Rs. 160 crores) he got in 2019.
As of April, Musk had qualified for Tesla options in his 2018 pay package that are now worth over $30 billion (roughly Rs. 2,22,520 crores).
Tesla added “Technoking of Tesla” to Musk’s list of official titles in a regulatory filing in March that also named Kirkhorn “Master of Coin.”
© Thomson Reuters 2021