[Oni]

Can't say I'll ever buy a Tesla or be able to fly SpaceX, but it's admirable that he's refusing to receive pay unless there's results.

For a self-made billionaire, Elon Musk doesn’t seem to know much about making money—at least not for himself. The Tesla CEO's new compensation package, announced Tuesday, hinges on Musk's ability to transform the budding automaker into one of the world’s most valuable companies by producing long-term increases in market value, and revenue and profits.

Musk will be paid in stock options, which will vest over ten years in a series of 12 tranches. To secure each, Musk must reach a pair of milestones, one related to Tesla's market value, the other to its revenue and profitability. With every tranche, the target market value goes up by $50 billion. If he can hit all 12 targets and grow Tesla's current value of $59 billion to an astounding $650 billion, his stock award could be worth $55 billion. That's the good part.

But, as Musk told The New York Times, “If all that happens over the next 10 years is that Tesla’s value grows by 80 or 90 percent, then my amount of compensation would be zero.” (Musk does make minimum wage salary, per California law, but he told the Times he doesn’t cash the checks.)

Read More: https://www.wired.com/story/elon-musk-salary/

[Zac.]

Impressive, (Check pms :^)

TY

[mothered]

Seldom I've read/heard of business magnates of his nature.

He certainly deserves praise.

[DarkMuse]

This seems odd. Who does stuff like this? PR I'm thinking

[sigma]

I think he just genuinely cares more about others than money and awards. He's always been a humanitarian. This man is also probably the super villain we deserve if he decides to take over. It wouldn't be difficult: he owns SpaceX, which is essentially more progressive than NASA and twice as transparent.

His ventures in space and tech and in energy and power will make him the richest man alive and one of the most influential people in corporate society. His weapons research has just begin. He has already reversed the energy crisis in Puerto Rico.

According to Forbes:

His net worth as of today, January 31st 2018, is $20.8 Billion. Tesla Motors, his auto manufacturer, is bringing fully-electric vehicles to the mass market. Its Model 3 car retails for a starting price of $35,000. SpaceX,is now valued at more than $20 billion. He grew up in South Africa, then immigrated to Canada at age 17. He landed in the US as a transfer student at the University of Pennsylvania.

Musk was a cofounder of Paypal; he scored a huge payday when the business was acquired by eBay for $1.4 billion in 2002.

It isn't as much a stretch of the imagination to wonder what his plans are for the military, if he decides to go to market for the government, which he claims to have denied. But we've already seen him launch private satellites.

[Yaiba]

That’s crazy, but I mean a couple billion is more than enough already. 10 years is a while from now so that goal isn’t that far off in my eyes.