Can you guess SpaceX CEO Elon Musk’s compensation for 2020? Tesla reveals in a statement

Elon Musk is the CEO of Tesla and SpaceX, as well as a cryptocurrency market mover, Bitcoin enthusiast, and social media meme poster for Gen-Z. Can you forecast his Tesla salary for 2020, despite the fact that he has so many assets and runs a successful company? Elon Musk, the CEO of Tesla, has revealed that his total pay for 2020 will be zero, compared to $23,760 in 2019.

According to a regulatory filing, finance chief Zachary Kirkhorn’s total salary was $46.6 million in 2019, up from $21.2 million in 2019. Musk’s remuneration structure requires Tesla’s market capitalization and financial growth to achieve a series of escalating benchmarks, which include being a large stakeholder and CEO of rocket business SpaceX.

As of April, Musk had qualified for Tesla options as part of his 2018 compensation plan, which are now worth more than $30 billion.

Tesla added “Technoking of Tesla” to Musk’s list of formal titles in a regulatory filing in March, which also named Kirkhorn as “Master of Coin.” Musk, who is also a major shareholder and CEO of the rocket company SpaceX, does not receive a salary from Tesla, according to media reports. Tesla’s market capitalization and financial growth must fulfill a succession of increasing targets in order for him to be paid.

Tesla’s quarterly report in April 2021 exceeded expectations, allowing Chief Executive Elon Musk to receive two $11 billion option payments.

When “someone buys a Tesla Roadster, (which then cost $100,000$) sports car, every cent that Tesla produces goes into the production of a smaller, lower-priced vehicle,” Musk said in an old video from 2008.