Tesla Motors CEO Elon Musk's 2018 pay jumps 4,575,310% to $2.3B

Tesla Motors reports 2018 executive compensation

By ExecPay News

Published: April 30, 2019

Tesla Motors reported fiscal year 2018 executive compensation information on April 30, 2019.
In 2018, four executives at Tesla Motors received on average a compensation package of $579.9M, a 12526% increase compared to previous year.
Average pay of disclosed executives at Tesla Motors
Elon Musk, Chief Executive Officer, received $2.3B in total, which increased by 4575310% compared to 2017. 100.00% of Musk's compensation, or $2.3B, was in option awards. Musk also received $56.4K in salary.
For fiscal year 2018, the median employee pay was $56,163 at Tesla Motors. Therefore, the ratio of Elon Musk's pay to the median employee pay was 40,668 to one.
Jerome Guillen, President, Automotive, received a compensation package of $17.8M. 98.30% of the compensation package, or $17.5M, was in option awards.
Jeffrey B. Straubel, Chief Technology Officer, earned $11.7M in 2018, a 4574% increase compared to previous year.
Deepak Ahuja, Chief Financial Officer, received $6.2M in 2018, which decreases by 60% compared to 2017.

Related executives

Elon Musk

Tesla Motors

Chief Executive Officer

Jeffrey Straubel

Tesla Motors

Chief Technology Officer

Jerome Guillen

Tesla Motors

President, Automotive

Deepak Ahuja

Tesla Motors

Chief Financial Officer

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Source: SEC filing on April 30, 2019.