Most of Elon Musk’s fortune now comes from his private companies
Tesla said it needed to incentivize CEO Elon Musk with a record-breaking pay package in order to compete with his private companies, according to a proxy the company filed last week.
The proxy highlights the surging valuations of Musk’s private companies and the competing interests of xAI, SpaceX and Tesla.
CNBC’s Robert Frank explains.
