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.