Impact of Tesla CEO Elon Musk's $0 Compensation on Electric Vehicle Sector

Wednesday, 17 April 2024, 17:05

In 2023, despite Tesla's impressive delivery performance, CEO Elon Musk received $0 in compensation due to unique stock-based pay structure. The contrasting approach of Lucid Group's CEO, who earned $380 million, highlights differing strategies in the EV industry. The compensation dynamics shed light on corporate governance and financial strategies in the electric vehicle sector.
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Impact of Tesla CEO Elon Musk's $0 Compensation on Electric Vehicle Sector

Tesla and Lucid in the EV Industry

Tesla and Lucid lead the EV sector with different CEO compensation strategies.

Tesla's Performance

Tesla delivered 1.8 million vehicles in 2023, yet Musk received $0 compensation, emphasizing stock-based pay.

Lucid Group's Growth

Lucid's CEO earned $380 million with 6,001 vehicle deliveries, showcasing varied compensation models.

Stock Analysis

Both Tesla and Lucid faced stock price volatility with key technical indicators suggesting different trends.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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