Elon Musk only accepts a dollar a year as a salary to run Tesla, but the company takes care of him in other ways.
In Tesla’s s1 filing, since the second quarter 2009, Tesla has paid $175,000 to cover the cost of Musk’s private plane travel for business.
This isn’t too bad when you put in perspective. Vringo, a video ringtone company, filed for an IPO last week. We called it the “joke of the week.”
Vringo has $36,000 in revenue, but its CEO paid himself $224,244 last year.
That’s more than Elon Musk spent on his private jet. And Musk was flying around the world to get funding.
See Also: Tesla’s IPO: A Big Bet On The Model S
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