TESLA

Elon Musk does not want to order at Tesla...The automaker said in a statement that Elon Musk's own policy was to waive a guaranteed base salary. Your compensation will depend on the shareholders and the performance of Tesla."Elon Musk will not receive any guaranteed compensation - no salary, no financial bonus and no shares acquired just for the simple passage of time," the company writes.Based on Tesla's performance, the CEO's monetary compensation will consist of the attribution of the right to stock options divided into 12 tranches and for a period of 10 years.Each tranche can only be triggered if stock market capitalization targets and operating results are achieved, Reuters reports.For the first tranche to be paid, the company indicates that the capitalization will have to increase to 100 billion dollars. Then we must ensure a steady and continuous growth of $ 50 billion.In total and after 10 years, the capitalization will have to be 650 billion dollars so that Elon Musk is entitled to all the remuneration dependent on the performance of the company.


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