Here’s how much Elon Musk could be paid at Tesla in 2019

Now that 2017 and 2018 are done, we have a clearer picture of what Elon Musk’s annual salary could look like if he’s left off the board.

The boss of Tesla said last month that he would give up his position as chairman and CEO, and potentially his pay, in exchange for the stock he owns, and that he would not serve as CEO next year.

The company’s compensation committee, led by director Kim Rogers Wynn, is now awarding three options with a strike price of $285 per share. A boost in those options could bring Tesla’s CEO compensation package up to $194 million. That total accounts for a year’s worth of Elon Musk’s $21 million base salary and a potential $65 million bonus.

If you’re wondering why Tesla would take its CEO below this level, the primary reason is that Elon Musk doesn’t own a single share of Tesla’s stock, so he wouldn’t be eligible for his new more highly lucrative compensation package.

The more important takeaways from these committee decisions are that the stock price alone is enough to make Elon Musk receive a huge compensation package, and that a company is no longer incentivized to keep Elon Musk in a job he doesn’t really want.

Of course, Elon Musk’s most compelling motivating factor could be something other than money. The 52-year-old entrepreneur says he could leave Tesla as early as tomorrow, but that he will stay put only if he gets to develop a new type of energy delivery vehicle. Tesla launched its Model Y SUV in November, but it’s unclear if Elon Musk is the right man to lead the company as it embarks on its next stage of development.

If you’re wondering why Tesla would take its CEO below this level, the primary reason is that Elon Musk doesn’t own a single share of Tesla’s stock, so he wouldn’t be eligible for his new more highly lucrative compensation package.

If you’re wondering why Tesla would take its CEO below this level, the primary reason is that Elon Musk doesn’t own a single share of Tesla’s stock, so he wouldn’t be eligible for his new more highly lucrative compensation package.

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