Musk’s New Tesla Pay Package Seems to be Aimed at Mars

Elon Musk (Credit: SpaceX)

by Douglas Messier
Managing Editor

Elon Musk has a new pay package with Tesla Motors that could net him $55 billion over the next decade if the company reaches a series of extremely ambitious targets, according to press reports. If he doesn’t reach those goals in 10 years, he could end up with nothing.

That might seem like a crazy plan even for Musk, who is known for taking great risks. But, it makes sense when you consider the billionaire’s ultimate long-term goal: to develop a transportation system to facilitate the establishment of human colonies on Mars.

Musk has said he is dedicating his personal wealth to that objective. And although his net worth is estimated at $21 billion, actual profits from his various businesses have been elusive.

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