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Elon Musk's latest Tesla pay valued at $158bn - but he can't pocket it

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Getty Images Musk, wearing a black suit, white shirt and black tie, looks down toward the floor while waiting to pass through security at a courthouse in California.

Tesla has valued its compensation for billionaire boss Elon Musk at a whopping $158bn (£117bn) in 2025 - according to regulatory filings submitted on Thursday - but also disclosed he will not be getting any of it.

Key facts

Summary

Musk's compensation reflects the firm's estimate of what he would earn should he meet the terms of an astronomical pay deal approved by Tesla shareholders in November. However, it only becomes payable if he hits ambitious milestones, including raising the company's market value to $8.5tn, in which case Musk could be awarded shares worth up to $1tn. Analysts say he has some way to go before doing that, meaning the monster pay package is nominal only, for now at least. "Elon Musk isn't going to pocket $158bn," said Danni Hewson, head of financial analysis at AJ Bell.

Read full article at BBC Technology →

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