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.
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.