Article 5YD1A Elon Musk poised to collect $23bn bonus as Tesla beats targets

Elon Musk poised to collect $23bn bonus as Tesla beats targets

by
Rupert Neate Wealth correspondent
from on (#5YD1A)

Electric car giant's CEO says he is not in talks on new bonus scheme after completing 2018 deal early

Elon Musk, chief executive of Tesla and the world's richest person, is set to collect a $23bn (17.6bn) bonus after the Californian electric car company's first-quarter results exceeded performance targets.

Musk, who is already sitting on an estimated $249bn fortune, is in line for the bonus share payout after Tesla hit share price and financial growth milestones in its earnings on Wednesday night.

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