Is Tesla Motors Inc (TSLA) CEO Elon Musk Getting Ripped Off?

Page 1 of 2

If you have been staying current with the latest news out of the Tesla Motors Inc (NASDAQ:TSLA) camp, you know that the company is moving in the right direction. In addition to a stock price that has tripled this year, CEO Elon Musk has big expansion plans.

Sure, the company has run into some problems along the way, such as its recent defeat in the Lone Star state, but this hasn’t deterred Tesla in the slightest. In fact, it has pushed the company forward in many ways.

Tesla Motors Inc (TSLA)With all this in mind, you may be under the impression that Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk is earning millions upon millions of dollars a year for his role with the company. But guess what? This is not the case. In fact, you may be surprised to find that you earn more at your job than Musk does at Tesla.

Automotive News recently took a closer look at the pay of some of the CEO’s in the automotive industry. While there are many pulling down millions of dollars every year, Musk is not among them. Instead, he finds himself near the bottom of the food chain. And that is just the way he wants it.

Are you ready for this? Musk earned $39,000 as the CEO of Tesla Motors Inc (NASDAQ:TSLA) in 2012. That is right, $39,000 not $39 million. Here is an excerpt from the Automotive News story:

“Musk’s compensation was $39,280 for his role as CEO, consisting of a $33,280 salary and a $6,000 bonus. Like many other executives who rank near the bottom of the list, he has not cashed in any stock awards or options.”

As you can see, Musk took a very small salary along with a bonus that is mere peanuts when compared to what other CEO’s are pulling in. For comparison sake, Ford CEO Alan Mulally earned $3.95 million from bonuses and incentive plans.

Before you begin to feel bad for Musk, consider this additional information added in the article:

“The industry should keep its eyes on Musk: In 2012, he was granted a large stock award that won’t fully vest until Tesla is worth $43.2 billion and passes several operational milestones.”

While the CEO of Tesla Motors Inc (NASDAQ:TSLA) may not be earning a lot right now, this is going to change in the very near future.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!