Elon Musk Passed on His 2014 Tesla Salary, Still Made Millions

Apr 27, 2015 06:18 PM EDT | Matt Mercuro

On Friday, we learned that General Motor's first female CEO Mary Bara makes $1.6 million and now we know how much Tesla's head honcho takes home.

Elon Musk's total compensation package in 2014 was $35,360, according to a company proxy statement filed by the electric-vehicle maker. Yet he chose not to accept any of it.

In fact, Musk has never received a full salary Tesla and in 2013 he made headlines for accepting just $1.

Tesla determined Musk's low salary by using an "annualized minimum wage requirements" under California law, where the Model S maker is based, according to CNN Money.

By law, Musk be awarded some form of compensation even if he doesn't take it.

Don't feel too bad for the South Africa-native though, he made $78.1 million in options and cash in 2012 and currently has 35.3 million Tesla shares.

Oh by the way, he's also CEO of SpaceX and chairman of SolarCity, of which he holds a 21 percent stake.

In total that equates on paper to about $7.8 billion, according to CNN Money.

Tesla itself is worth about $27.6 billion, according to the proxy report. Musk feels that the automaker could be worth $700 billion as early as 2025, which would put in the same league as Apple.

It pays to work at Tesla apparently. Tesla's chief financial officer, Deepak Ahuja, earned approximately $3.8 million last year, which is up from $338,000 in 2013, according to the proxy report. Chief Technology Officer Jeffrey B. Straubel saw a big increase as well, seeing his total compensation jump from $467,603 to $17.1 million. 

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