Tesla says CEO Elon Musk to get paid only when company performs well - <b>Technical Lobby</b>

Tuesday, January 23, 2018

Tesla says CEO Elon Musk to get paid only when company performs well

Tesla Company Ceo(Musk)

Tesla Inc said Tuesday that Tuesday's Chief Executive Allen Mask will not receive any guaranteed returns, and will only be paid if the company and all its shareholders are doing a wonderful job.

This return will be based on a combination of market capitalization and operational targets, the electric car manufacturer said in a statement.

"Alon (Musk) will not get any guaranteed compensation - no pay, no cash bonus, and no equity which is not a West.

To meet the operational milestone, Tesla must meet a set of escalating revenue and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) targets, it said. 
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