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Elon Musk to forgo pay and bonuses until Tesla passes its milestones

Silicon Valley billionaire Elon Musk will receive no salary or cash bonuses from Tesla and all his compensation as chief executive of the electric car maker will be tied to stock and operational milestones, the company said on Tuesday.

Simon Dawson/Bloomberg British industrialist Sanjeev Gupta is set to bid for industrial assets at General Motors’s former Holden manufacturing site in South Australia, according to the state’s treasurer, aiming to use the equipment to build electric vehicles.

If successful, the purchase would bring Australia’s now defunct car manufacturing industry back to life, and add to a string of ambitious investments by Mr Gupta, executive chairman of GFG Alliance, that include plans to use solar energy to power steel-making operations.

Photographer: Martin Divisek / Bloomberg Czech lawmakers have stripped Prime Minister Andrej Babis of his immunity to let prosecutors renew fraud charges in a case that has hamstrung thebillionaire’s efforts to create a government after his euroskeptic party ANO dominated last year’s elections.

Mr Babis, who rejects allegations of wrongdoing in the case of suspected misuse of European Union funds by a company he once owned, denounced the charges earlier this month as an organised attempt to torpedo his political career.

READ MORE (The National)

  • Tesla's production plagued by inexperienced workers. After they laid off 700.Thinknum Media (blog)
  • Tesla Model 3: Delays, Production Issues and Hazardous Battery Reports Are ...Yahoo News UK
  • 3 ways self-driving cars will affect the insurance industryVentureBeat
  • Tesla superfan with stage 4 cancer gets surprise visit from Elon MuskCNBC
  • Tesla Model 3 Production Reportedly Held Back by Gigafactory DelaysMotor Trend
  • Tesla Superfan With Cancer Gets To Meet Elon MuskCBS San Francisco Bay Area
  • Local Tesla fans get a close look at Model 3WFAA
  • Elon Musk's Huge Battery in South Australia Made $1 Million in Profit in Just ...Brinkwire (press release)
  • This Week In the Future of Cars: Is This What a Hangover Feels Like?WIRED

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Elon Musk to forgo pay and bonuses until Tesla passes its milestones


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