Tesla Chief Executive Elon Musk received more than $2.2 billion in stock option awards in 2018, according to a regulatory filing.
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However, Musk will only receive that money over the course of a 10-year period if Tesla's market capitalization reaches $650 billion.
Musk’s base salary (which he did not accept) was $51,380 in 2018, which reflects the legal minimum wage in California, according to documents filed with the Securities and Exchange Commission on Friday.
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The median Tesla worker’s compensation last year was $56,163.
In another filing on Friday, the electric carmaker revealed that four board members will leave the company as part of a streamlining process to allow the board to “operate more nimbly and efficiently.”
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Brad Buss, Antonio Gracias, Stephen Jurvetson and Linda Johnson Rice will not stand for re-election to the board at the end of their respective terms, according to the filing.
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“Such agreements did not result from any disagreements between Tesla and any such directors,” the filing said.
https://www.foxbusiness.com/business-leaders/tesla-elon-musk-compensation-2018
2019-04-20 16:05:13Z
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