Elon Musk hasn’t acquired a wage for six–8 years, claims brother Kimbal Musk: ‘He deserves to be paid’

Elon Musk hasn’t acquired a wage for six–8 years, claims brother Kimbal Musk: ‘He deserves to be paid’


Elon Musk’s youthful brother Kimbal Musk has alleged that Elon Musk has not been paid for the final six to eight years by Tesla and that the world’s richest man “deserves to be paid.”

Whereas talking on CNBC’s “Squawk Field” final week, Kimbal Musk stated, “I feel my brother deserves to be paid.”

“He has zero pay for the previous six to eight years. I don’t assume that’s proper. I’ll let Tesla shareholders make that call, however I consider that it does have to be. He must be paid,” Kimbal added.

Earlier this month, Tesla granted an “interim” pay package deal of 96 million shares, valued at roughly $29 billion to maintain the billionaire as its CEO. Musk will have the ability to declare the award if he continues to be the CEO of Tesla for an additional two years.

The package deal was authorized in a particular committee of the Tesla board the place Elon and Kimbal Musk had recused themselves.

Notably, the Tesla board needed to design a brand new pay package deal for Musk after the Delaware courtroom revoked his $56 billion package deal from 2018.

Final 12 months Musk stated that he needed much more management over Tesla or he would favor to construct merchandise outdoors of the corporate.

“I’m uncomfortable rising Tesla to be a pacesetter in AI & robotics with out having ~25% voting management. Sufficient to be influential, however not a lot that I can’t be overturned. Until that’s the case, I would favor to construct merchandise outdoors of Tesla.” Musk wrote in a publish on X.

Because it seems, Musk has gone on to develop his merchandise outdoors of Tesla. He began an AI startup known as xAI, which makes the Grok AI chatbot, and later merged it together with his social media platform X. Over the previous few months, Musk has devoted his time to speaking in regards to the new function launches for Grok and what the upcoming updates would entail for the chatbot.

Musk additionally stated final week that he was beginning a brand new startup known as “Macrohard,” which might replicate a lot of the merchandise supplied by Microsoft utilizing AI. Not a lot is thought in regards to the startup aside from what Musk defined in his publish.

“In precept, on condition that software program firms like Microsoft don’t themselves manufacture any bodily {hardware}, it needs to be doable to simulate them totally with AI.” Musk stated in his publish.

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