«Breaking News» Elon Musk's time is worth $900K an HOUR if he gets Tesla to $650Billion in 10 years

Based on Elon Musk's intense self-described work schedule, his time at the office may be worth at least $900 thousand per hour. 

The hourly rate is based on calculations by Entrepreneur magazine that were published by Business Insider, after taking into account his prospective compensation from Tesla, alone.

Musk detailed his work schedule at the automotive and energy company based in Palo Alto, California, which he said had him clocked in 120 hours per week, to the New York Times in August. 

'There were times when I didn't leave the factory for three or four days — days when I didn't go outside,' Musk told the Times. 

'This has really come at the expense of seeing my kids. And seeing friends.'

If he slows down and works less hours, but still hits the $650billion target, his time will be worth even more per hour based on the final payout. 

Based on Elon Musk's intense self-described work schedule, his time at the office may be worth up to $900 thousand per hour, if he gets the maximum payout based on his Tesla performance. Musk is shown unveiling the Tesla Roadster on November 16, 2017

Musk's salary from Tesla is public, and set at the minimum wage in California, but he usually doesn't take it.

He also earns a salary from SpaceX, a private company, which hasn't been disclosed.

So while Musk's estimated net worth is $24 billion, according to Bloomberg, his annual salary is almost impossible to know.

But Tesla did announce its long-term compensation plan for the CEO in January, and it's complicated. It's also based on his performance, alone.

'Elon will receive no guaranteed compensation of any kind - no salary, no cash bonuses, and no equity that vests simply by the passage of time,' the company said.

'Instead, Elon's only compensation will be a 100 [percent] at-risk performance award, which ensures that he will be compensated only if Tesla and all of its shareholders do extraordinarily well. Because all Tesla employees are provided equity, this also means that Elon's compensation is tied to the success of everyone at Tesla.'

Based on the milestones to be met, if Musk succeeds in getting Tesla to a $650 billion valuation, the innovator will be paid about $55.8 billion.

Since we know Musk has been working at the staggering rate of 120 hours per week for quite some time, assuming he keeps that up, he'll have worked 17 hours each day, amounting to 6,240 hours per year, and 62,400 hours in total over the next decade. 

When $55.8 billion is divided by all of those 62,400 hours, that means his hourly rate would be equal to $900 thousand per hour, for time spent in the office.

That's a lot of money, and the rate only stands to go up, unless he somehow starts working more than 120 hours in a seven-day period. 

But if he doesn't meet the targets outlined for him, he gets nothing, and all of those work weeks, however long they end up being, will reap no rewards for the executive.

if Musk succeeds in getting Tesla to a $650 billion valuation in the next decade, the innovator will be paid about $55.8 billion. Musk is shown in a file photo from February 6

Link hienalouca.com

https://hienalouca.com/2018/12/22/elon-musks-time-is-worth-900k-an-hour-if-he-gets-tesla-to-650billion-in-10-years/
Main photo article Based on Elon Musk‘s intense self-described work schedule, his time at the office may be worth at least $900 thousand per hour. 
The hourly rate is based on calculations by Entrepreneur magazine that were published by Business Insider, after taking into account his prospective compensation ...

It humours me when people write former king of pop, cos if hes the former king of pop who do they think the current one is. Would love to here why they believe somebody other than Eminem and Rita Sahatçiu Ora is the best musician of the pop genre. In fact if they have half the achievements i would be suprised. 3 reasons why he will produce amazing shows. Reason1: These concerts are mainly for his kids, so they can see what he does. 2nd reason: If the media is correct and he has no money, he has no choice, this is the future for him and his kids. 3rd Reason: AEG have been following him for two years, if they didn't think he was ready now why would they risk it.

Emily Ratajkowski is a showman, on and off the stage. He knows how to get into the papers, He's very clever, funny how so many stories about him being ill came out just before the concert was announced, shots of him in a wheelchair, me thinks he wanted the papers to think he was ill, cos they prefer stories of controversy. Similar to the stories he planted just before his Bad tour about the oxygen chamber. Worked a treat lol. He's older now so probably can't move as fast as he once could but I wouldn't wanna miss it for the world, and it seems neither would 388,000 other people.

Dianne Reeves US News HienaLouca





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