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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)


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  • 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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