Elon Musk will receive a salary of 56 billion dollars as CEO

Electric car maker Tesla's shareholders have voted to approve CEO Elon Musk's $56 billion pay package. The approval process was completed yesterday Thursday at the annual meeting of Tesla partners in Austin, Texas, USA. Reuters news


At the annual meeting of partners, Tesla CEO Elon Musk called himself a positive person in all situations. He said, "At the end of the day, I bring fruit. This is the most important thing. Analysts say that this initiative is proof of the confidence of the company's partners in Musk's leadership. Although this package was proposed in 2018, it took a long time to implement due to various complications.


According to another report by Reuters, the remuneration package does not include salary and bonus; Rather, this package is determined based on Tesla's market capitalization. This is being announced in recognition of increasing Tesla's market value to 650 billion or 65 trillion dollars in the next 10 years after 2018.


Elon Musk is not getting this huge amount of money right now despite the approval of Tesla's partners. Because a case has been filed against this package in the court of the US state of Delaware. The judicial process of the case may take several months.


Elon Musk became CEO of Tesla in 2008. Tesla lost $2.2 billion in 2018. From there, he increased Tesla's annual profit to 1 thousand 5 billion dollars. Car production also increased seven times.


Category and Tags
More stories by
Elon Musk suggests naming a city on Mars Terminus

Photo:BusinessHabitElon Musk, the owner of SpaceX, Tesla, and the small blog writing site X (formerly Twitter), wants to establish a human settlement on Mars in the next few years. H...

China is building supercomputers in space with AI satellites

China is building its first supercomputer network in space using AI-powered satellites. The country has already launched 12 AI-powered satellites to build a network of supercomputers in space. The supercomputers will be operated by the country's stat

Baidu is introducing new technology, AI will extract money from pet sounds

The beloved dog is suddenly barking. Many people try to understand why it is barking. However, the long-standing curiosity of understanding the mind of animals through sounds can now become a reality with the help of...

Do you know what percentage of Microsoft's code is written with AI?

A significant portion of Microsoft's code is now being written using artificial intelligence (AI), said Satya Nadella, the company's chief executive officer (CEO). At the recent 'LamaCon' AI developer conference held in Menlo Park, California, USA, S

Bangladesh's economy rises to the 2nd largest in South Asia and the 9th largest in Asia.

With a GDP of USD 450.05 billion in 2024, Bangladesh's economy has grown to become the second largest in South Asia and the ninth largest in Asia, according to the Asian Development Bank's Basic Statistics 2025 series. With statistics from 46 econom

Follow Business Habit on Facebook, Twitter