Is Elon Musk worth his £44bn Tesla pay package?

He is beloved by his millions of followers online, but would Musk's businesses have succeeded without him?

British Broadcasting CorporationWatchRegisterSign InHomeNewsSportBusinessInnovationCultureTravelEarthVideoLiveHomeNewsIsrael-Gaza WarWar in UkraineUK General ElectionUS & CanadaUKUK PoliticsEnglandN. IrelandN. Ireland PoliticsScotlandScotland PoliticsWalesWales PoliticsAfricaAsiaChinaIndiaAustraliaEuropeLatin AmericaMiddle EastIn PicturesBBC VerifySportBusinessFuture of BusinessTechnology of BusinessWork CultureInnovationTechnologyScience & HealthArtificial IntelligenceCultureFilm & TVMusicArt & DesignStyleBooksEntertainment NewsTravelDestinationsAfricaAntarcticaAsiaAustralia and PacificCaribbean & BermudaCentral AmericaEuropeMiddle EastNorth AmericaSouth AmericaWorld’s TableCulture & ExperiencesAdventuresThe SpeciaListEarthNatural WondersWeather & ScienceClimate SolutionsSustainable BusinessGreen LivingVideoLiveLive NewsLive SportHomeNewsSportBusinessInnovationCultureTravelEarthVideoLiveAudioWeatherNewslettersIs Elon Musk worth his $56bn Tesla pay package?3 hours agoBy Zoe Kleinman, Technology editorShareGetty ImagesElon Musk might, once again, get his own way.

His Tesla pay deal - worth up to $56bn (£44bn) depending on the firm's share price - which has now been backed by shareholders is 75% of the entire spending for schools in England in 2024-25 (£60bn) and around a quarter of the budget for the NHS (£192bn).

To his many admirers, Mr Musk is worth every single cent which comes his way - and shareholders agreed, with around 72% of the voting shares backing the deal.

His businesses include Tesla, SpaceX, X (formerly Twitter), Starlink, Neuralink and X.ai, his latest AI project.

You could argue Tesla opened up the US market for electric vehicles, SpaceX has just sent the world’s most powerful rocket into space, and a man who volunteered to be the first human to be implanted with a Neuralink microchip into his brain can now control a computer using his thoughts.

https://www.bbc.com/news/articles/c9rre6nwnpwo

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