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It was revealed that Tesla CEO Elon Musk's total compensation last year exceeded 200 trillion won.
According to a disclosure document submitted by Tesla to the U.S. Securities and Exchange Commission (SEC) on the 1st (local time), CEO Musk's total compensation last year amounted to 158.4 billion dollars (approximately 234 trillion won).
This reflects the current value of the super-large stock compensation agreement worth 1 trillion dollars (approximately 1,480 trillion won) approved for CEO Musk at the shareholders' meeting last November.
However, this is the maximum amount CEO Musk could receive if he achieves various goals while growing Tesla into a mega-corporation in the future.
The reason 158.4 billion dollars, not 1 trillion dollars, was recorded in the books is because the value of the shares to be paid was recorded according to last year's stock price.
CEO Musk can gradually receive such an amount if he achieves all business goals, including increasing Tesla's market capitalization from its current level of 1.2 trillion dollars to 8.5 trillion dollars (more than seven times), delivering 20 million cars, operating 1 million robotaxis, and selling 1 million humanoid robots.
Furthermore, since Tesla did not meet any of its business goals last year, the actual compensation Musk received is currently '0 won'.
Tesla stated in its disclosure document that the median total annual compensation for employees, excluding the CEO, last year was 62,786 dollars (approximately 92.8 million won).
Meanwhile, the scale of so-called 'internal transactions' between companies led by Musk was also revealed through this disclosure.
AI company xAI spent 430.1 million dollars on purchasing Tesla's large-capacity battery 'Megapack', and space company SpaceX spent 143.3 million dollars on purchasing Tesla vehicles.
Tesla also spent 3.3 million dollars on advertising on the social networking service (SNS) X (formerly Twitter).
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