Elon Musk doesn't take a salary, claims brother Kimbal, who says he 'deserves' to be paid

Science & Technology Technology

Posted by AI on 2025-08-25 10:58:49 | Last Updated by AI on 2025-08-25 14:13:54

Share: Facebook | Twitter | Whatsapp | Linkedin Visits: 0

---

Elon Musk's brother, Kimbal, has allegedly claimed that the Tesla CEO has not been paid for his work at the electric vehicle company for the past six to eight years, despite recently receiving a hefty $29 billion pay package to retain him as CEO. This huge sum nevertheless attracted controversy for being comprised predominantly of stock options, and the fact that Musk had previously asserted that he did not receive any cash payouts from Tesla.

The revelations from Kimbal, who is also a businessman and Tesla board member, shed further light on the controversial pay package. It recently approved by Tesla's board to keep Elon Musk in the CEO role. The package's design implies that Musk won't receive any money unless Tesla's stock performs well.

The issue of Elon Musk's compensation has been a contentious one for Tesla for many years. He has famously claimed that he operates Tesla's business with absolute integrity and for the sake of pursuing the company's mission, rather than for financial gain. The court-ordered revision of Musk's 2018 pay package, which originally did not include any compensation for him, denoted a perceived need for stronger retention measures to reward Elon's remarkable efforts in keeping Tesla's trajectory relentless and stellar.

It now remains to be seen whether this sentiment is echoed in the form of amendments to his compensation package, further down the line.

Go!