As the Chief Executive Officer, Product Architect and Chairman at Tesla Motors, Elon Musk earned a total compensation of $78,150,010 in 2012, which increased by 234,725.75% compared to 2011.

Of this total, $33,280 was earned as salary, $6,000 was received as a bonus, $78,110,730 was received in stock options.

The Bonus amount consists of patent award bonuses pursuant to company-wide patent incentive program.

The Option Awards grant is intended to compensate Mr. Musk over its ten-year term and will become vested as to all shares subject to it only if the Company's market capitalization increases to $43.2 billion and all ten performance milestones are achieved during such ten year period. 1/10th of the total number of shares subject to the option will become vested and exercisable each time: (i) the Company's market capitalization increases by $4.0 billion above the initially measured market capitalization of $3.2 billion; and (ii) one of ten specified performance milestones relating to the development of Model X and Gen III vehicles and total production of vehicles is attained, subject to Mr. Musk's continued service to the Company at each such vesting event. If any shares have not vested by the end of the ten-year term of the option, they will be forfeited and Mr. Musk will not realize the value of such shares. As of the date of this filing, no vesting milestones for this grant have been achieved and no shares subject to this grant have vested.

Elon Musk worked with Gilbert Passin, George Blankenship, Jeffrey Straubel, and Deepak Ahuja at Tesla Motors in 2012.


Distribution
History
Compensation Data Fiscal 2012 Ends: Dec 31
  • Salary$33,280
  • Bonus$6,000
  • Option Awards$78,110,730
  • Total$78,150,010
Company
Tesla Motors
Industry
Electrical (Alternative) Vehicles
Sector
Cyclical Consumer Goods & Services