Tesla's Musk paid $70,000 in 2013

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Associated Press

Posted on April 24, 2014 at 3:01 PM

Updated Thursday, Apr 24 at 3:05 PM

DETROIT (AP) — Tesla Motors CEO Elon Musk was paid just under $70,000 in 2013. But he could be eligible for much, much more.

According to a Tesla filing with regulators Thursday, Musk made a base salary of $33,280 in 2013. That was the minimum he was required to make under California law. He got an additional $36,709 in company bonuses.

Tesla says Musk, the billionaire founder of PayPal and rocket-building company SpaceEx, only accepts $1 and returns the rest to the company.

But he could one day be eligible for a huge payday.

In 2012, Musk was awarded options to buy nearly 5.3 million Tesla shares at $31.17 each if the company meets certain goals.

The company's stock closed Thursday at $207.86 each, making those shares worth more than $1 billion.

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