Recently Elon Musk has demonstrated an incredible ability to appear everywhere. His Tesla, Space-X, high speed rail systems, tunneling plans and other futuristic dreams make the front pages seemingly every day. His net worth–depending on the price of Tesla stock–makes him either the richest man or the second richest man on the planet. He takes no salary from Tesla; he’s betting on the future. His compensation plan will allow him to receive $100 billion within the next five years if Tesla achieves adequate growth. BUT, are you aware that for the third year in a row, Tesla has failed to contribute the employer matching contribution to the Tesla employees 401 (k) Savings Plan? Wouldn’t you think that this “visionary” should find a way to appreciate his employees work contributions that are the foundation for his success? Mr. Musk has a net worth today of nearly $200 billion and he stands to gain another $100 in the next five years. Why couldn’t this genius figure a way to have at least some of this value “trickle down” to the people who have devoted their lives to making him the wealthy man he is?
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