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Tesla boss Elon Musk has been awarded a record-breaking pay
of $56 billion by the
of his company. The astronomical
package is 3,000 times the average pay for a CEO in the USA. According to the U.S. Bureau of Labor Statistics, the average
in the USA in 2023 was $59,384. At that
, it would take 943,014 years to earn $56 billion. Mr Musk's salary was agreed upon by shareholders at Tesla's
general meeting on Friday. Musk responded by telling the
attending the meeting that: "We have the most
shareholder base of any
company. We are not just opening a new
for Tesla, we are starting a new book."
