How Elon Musk Became the Lowest-Paid S and P 500 CEO

How Elon Musk Became the Lowest-Paid S&P 500 CEO

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In 2024, Elon Musk, CEO of Tesla, earned no salary, making him the lowest-paid S&P 500 CEO

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Musk's compensation was tied to a 2018 stock award, which faced legal challenges and was ultimately rescinded by a Delaware judge

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Despite legal setbacks, Tesla shareholders approved Musk's $56 billion pay package in June 2024, highlighting strong investor backing

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Musk acknowledged receiving zero salary for seven years, emphasizing Tesla's value increase of over 2000% during that period

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Musk's wealth primarily stems from equity in Tesla and SpaceX, with his net worth reaching $500 billion in December 2024

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Tesla plans to appeal the court's decision to rescind Musk's compensation package, prolonging the legal dispute

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While Musk earned nothing, other CEOs like Rick Smith of Axon Enterprises earned $165 million in 2024

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