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URLhttps://www.economist.com/business/2025/08/07/the-elon-musk-theory-of-pay
Last Crawled2026-04-15 16:22:54 (1 day ago)
First Indexed2025-08-07 13:30:46 (8 months ago)
HTTP Status Code200
Meta TitleThe Elon Musk theory of pay
Meta DescriptionThe worse Tesla performs, the more its boss ought to earn | Business
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The captor Photograph: Getty Images Aug 7th 2025 | New York | 4 min read D elaware’s chancery court stands between Elon Musk and investors willingly offering him a fortune. In 2018, when Tesla was worth around $50bn, the carmaker’s shareholders approved a plan to link Mr Musk’s pay to the value of the company. By January 2024, when the court ruled that the pay package was illegal, the carmaker and Mr Musk’s stock options were worth more than $600bn and $50bn respectively. Tesla’s board of directors had not been transparent about how Mr Musk’s pay was set, the judge said. That summer Tesla’s shareholders voted to reincorporate the company in Texas and reapprove the compensation package. The court killed it again in winter.
Markdown
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In 2018, when Tesla was worth around \$50bn, the carmaker’s shareholders approved a plan to link Mr Musk’s pay to the value of the company. By January 2024, when the court ruled that the pay package was illegal, the carmaker and Mr Musk’s stock options were worth more than \$600bn and \$50bn respectively. Tesla’s board of directors had not been transparent about how Mr Musk’s pay was set, the judge said. That summer Tesla’s shareholders voted to reincorporate the company in Texas and reapprove the compensation package. 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Readable Markdown
![Elon Musk laughing.](https://marber-cdn.economist.com/foundations/latest/images/image/image-placeholder.svg) The captorPhotograph: Getty Images Aug 7th 2025\|New York\|4 min read Delaware’s chancerycourt stands between Elon Musk and investors willingly offering him a fortune. In 2018, when Tesla was worth around \$50bn, the carmaker’s shareholders approved a plan to link Mr Musk’s pay to the value of the company. By January 2024, when the court ruled that the pay package was illegal, the carmaker and Mr Musk’s stock options were worth more than \$600bn and \$50bn respectively. Tesla’s board of directors had not been transparent about how Mr Musk’s pay was set, the judge said. That summer Tesla’s shareholders voted to reincorporate the company in Texas and reapprove the compensation package. The court killed it again in winter. ![Illustration of a computer screen with pixelated hands holding the bars of a cage on it](https://marber-cdn.economist.com/foundations/latest/images/image/image-placeholder.svg) *** ***
Shard135 (laksa)
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