Tesla Motors Inc (NASDAQ:TSLA) is nowhere near as large as Ford Motor Company (NYSE:F). Along with this, the company has only been in business since 2003, while Ford has been serving the world for more than 100 years.
Tesla has a ways to go before it is as powerful in the auto industry as Ford, however, the company is making big strides with each passing day. For this reason, Ford CEO Alan Mulally is definitely taking notice.
Big Money for Tesla Motors Inc (NASDAQ:TSLA) CEO
It has been recently announced that Elon Musk received $4.3 million in stock-based pay in the second quarter of 2013 thanks to his work on the company’s Model X.
This is big news for Musk, Tesla, and the rest of the automotive industry. If nothing else, it goes a long way in showing that the company is here to stay.
With all this in mind, it is important to note that the stock does not vest unless the work on the project is completed. That being said, there is no reason to believe the Model X SUV project is going to be scrapped anytime soon. This could be the company’s next big hit, now that the Model S is already established.
Does the Ford Motor Company (NYSE:F) CEO Care?
With a nice sized payout like this, it is safe to assume that many are jealous of Elon Musk. But should we count Ford CEO Alan Mulally as part of that group. Probably not.
According to this piece written by Alisa Priddle, Mulally received a $3.95 million bonus in 2012 along with an overall package that totaled roughly $21 million.
The Tesla Motors Inc (NASDAQ:TSLA) may be doing big things, but he isn’t making more money than the head dog at Ford Motor Company (NYSE:F).
Money isn’t everything, especially when it comes to CEO payouts. Both Musk and Mulally are doing find for themselves, and this should continue to be the case as long as Tesla Motors Inc (NASDAQ:TSLA) and Ford Motor Company (NYSE:F) perform at a high level moving forward.
The following video will help you better understand what Tesla brings to the table: