Elon Musk founded Tesla Motors in 2003. He is also the co-founder of SpaceX. Elon has become a hands on CEO and still holds the position of the principal product architect. His company specializes in electric cars. At the beginning of this year, he owned around 28.9 million shares of the Tesla stock. As much as that sounds, it only gives him about a 22% share of Tesla Motors. Elon Musk purchased Tesla.com in February of this year. The company is still into big things and with cars Elon Musk at the controls they expect big things are going to happen.
Calling All Cars – Imagine using your phone to communicate with your car. That is exactly what you can do with Tesla Version 7.0 software. The autopilot and safety features are designed to provide the driver with more confidence and peace of mind. It is all part of their push towards self-driving technology. Once you have driven the car home you can get out and program the vehicle to take over from there. It will open the garage door, drive inside and shut itself off.
Safety and Convenience Combined – The Tesla 7.1 software offers a wide range of features designed for convenience and safety. It is highlighted by the new technology called Summon. This program is geared towards protecting the car in tight spaces where it is hard to maneuver. Ultrasonic sensors guard against possible hazards. It also makes parking in tight spaces easier.
Reserve your Model 3 now – On March 31st Tesla Motors began taking reservations for the highly anticipated Model 3. The car won’t even begin production until the end of 2017. The Model 3 is the most affordable car the company has produced. It will be able to go 215 miles without needing a charge. This premium sedan will sell for around $35,000 and is expected to offer the very highest safety rating. It will go zero to 60 mph in 6 seconds and will seat 5 adults. This highly anticipated electric car has already received well over 300,000 reservations.
Tesla Motors is producing more than just an electric car for the ages. The company is adding amazing autopilot and safety features that the average car buyer can afford to pay for. With cars Elon Musk at the helm, they will come up with the first self-sustainable car. He has done an amazing job with Tesla Motors and SpaceX and there does not seem to be any slowing down anytime soon.
Tesla Motors Inc. (NASDAQ:TSLA) CEO Elon Musk a dynamic and charismatic individual is among those renowned CEOs who are paid around the minimum wage requirement in California. As reported by Bloomberg, and other Publications, Elon’s s total compensation in Tesla was valued at $37,584 last year in 2015, and according to the company filings , Mr. Musk is the largest shareholder of electric car maker; however, he does not accept his salary.
In 2012, as compensation he received 5.27 million of stock options as compensation for 10 years, but the visionary CEO has not accepted a hefty amount of salary for himself, unlike other Tesla executives. According to the company’s proxy statement, Tesla’s chief technical officer (CTO) JB Straubel was paid $250,560 salary. On the other hand, Tesla’s Vice President of Engineering Doug Field received a salary of $306,923 and stock awards worth $2,808,785. Not too shabby for the other top executives in Tesla Motors.