Elon Musk's salary was zero in 2020, confirms TESLA in recent statement

In a recent statement by Tesla Inc, company's Chief Executive Officer Elon Musk's last year's income was zero. Issuing a regulatory filing, electric car-maker company me several anuncements regarding company's upcoming programs. 

statement says that Musk's income in 2019 was $23,760, however, it was nil in 2020. According to statement, base salaries are based on individual roles, performance, and competitive market. 

Elon Musk's salary

It says that "Mr. Musk historically earned a base salary that reflected applicable minimum w requirements under California law, and he was subject to income taxes based on such base salary. However, he has never accepted his salary. Commencing in May 2019 at Mr. Musk’s request, we eliminated altoger earning and accrual of this base salary."

Tesla CEO and Amazon shareholder of company has also qualified options in his pay pack in 2018 which is w was over billions. 

Base salaries of or Tesla officials

Furr, statement shows income of or officials including Zachary Kirkhorn, Jerome Guillen, and Andrew Bagli. Tesla Finance Chief Zachary Kirkhorn received 46.6 million in 2020.

Furr, giving details on Musk's contribution towards company, statement said that Elon Musk has been serving as CEO since 2008 and has me major contributions towards company and have actively participated in recruitment process of executives and engineers followed by a contribution to vehicle engineering and design, raising capital and bringing investors. 

As of w, Tesla CEO Elon Musk's net worth stands at 18,400 crores USD. 

(Im Credits: AP)