to leave a comment.
It was revealed that Tesla CEO Elon Musk's total compensation last year exceeded 200 trillion won.
According to a disclosure document submitted by Tesla to the U.S. Securities and Exchange Commission (SEC) on the 1st (local time), CEO Musk's total compensation last year amounted to 158.4 billion dollars (approximately 234 trillion won).
This reflects the current value of the super-large stock compensation agreement worth 1 trillion dollars (approximately 1,480 trillion won) approved by CEO Musk at the general shareholders' meeting last November.
However, this is the maximum amount CEO Musk can receive if he achieves various goals while growing Tesla into a super-giant company in the future.
The reason why 158.4 billion dollars, not 1 trillion dollars, was recorded in the books is because the value of the shares to be paid was recorded based on last year's stock price.
CEO Musk can gradually receive this amount if he achieves all business goals, such as increasing Tesla's market capitalization, currently around 1.2 trillion dollars, to 8.5 trillion dollars (more than seven times), delivering 20 million cars, operating 1 million robotaxis, and selling 1 million humanoid robots.
Furthermore, since Tesla did not meet any of its business goals last year, the actual compensation Musk received is currently '0 won'.
In the disclosure document, Tesla stated that the median annual total compensation for employees, excluding the CEO, last year was 62,786 dollars (approximately 92.8 million won).
Meanwhile, this disclosure also revealed the scale of so-called 'internal transactions' among companies led by Musk.
Artificial intelligence (AI) company xAI spent 431.01 million dollars to purchase Tesla's large-capacity battery 'Megapack', and space company SpaceX spent 143.3 million dollars to purchase Tesla vehicles.
Tesla also spent 3.3 million dollars on advertising on the social networking service (SNS) X (formerly Twitter).
Newsletter
Get key news delivered to your email every morning
to leave a comment.