Hey everybody a lot of numbers in this episode so I would definitely recommend checking this one out on YouTube if you have the chance the link for that is in the show notes

Hey everybody Rob mower here as Tesla's stock price continues to rise and as Tesla's market cap continues to rise as well

we are getting pretty close to the first tranche of Elon Musk's compensation

package so I've seen a few articles about that over the last couple of days.

And I thought it'd be worth some time going through exactly what this looks like,

what Elon Musk gets paid, when Elon Musk gets paid,

and just sort of how this whole compensation package breaks down.

So hopefully this can be a good reference in the future as this topic is

likely to come up again as well. So Elon Musk actually doesn't take a salary from Tesla. They pay him the minimum wage

salary required in California, but he actually

refuses to accept that. His compensation is 100% performance-based, so there's

no time-based compensation, nothing at all moving forward except from the compensation plan

we're looking at today, which again is 100% performance-based.

This is extremely rare for CEOs, as most would like some form at least of some guaranteed pay.

But this isn't new for Elon. His 2012 compensation plan was actually structured the same way, 100% performance-based.

So let's really quickly go through some of that history and then talk about if Elon really

is about to get paid, how much and what this all means for Tesla.

So here's Elon Musk Compensation Plan for 2012. Under this plan

Elon was granted stock options for the successful pairing of 4 billion dollar

market cap increases with a set of operational milestones

that you can see here such as achieving completion of the model X beta prototype

completion of the first model 3 production vehicle

...