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International Business Times UK

Technology

Vinay Patel

Elon Musk Net Worth: How His $55B Salary Package 'Critical To The Future Success of Tesla'

Elon Musk Tesla Inc. Robyn Denholm

Tesla is seeking shareholder approval for Elon Musk's pay package. (Credit: Wikimedia Commons)

Tesla is pushing hard to get shareholder approval for Elon Musk's compensation plan, even though a judge recently ruled against it. The company argues that the package is essential for Tesla's future achievements.

The critical question remains: why does Tesla's board believe a $55 billion compensation package is justified for Elon Musk? The company frames it as a matter of respect and fair treatment for their CEO.

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