Tesla Motors Says CEO Musk Took $1 In Salary Last Year

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Tesla CEO Elon Musk was paid about $70,000 in 2013 in salary and stock options, only a fragment of what he stands to eventually receive in company stock, Tesla said in a filing on Thursday with U.S. securities regulators. Musk's total cash compensation in 2013 officially was $33,280 which is aligned with the minimum wage in California, but he only takes $1 per year in pay.

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