Elon Musk's total salary exposure in 2025: Stock based compensation exceeding one trillion yuan, hourly wage converted to 120 million yuan, but actual income received is zero Odaily Planet Daily News: Recently, Tesla submitted its annual disclosure document to the US Securities and Exchange Commission (SEC), officially announcing that CEO Elon Musk's total compensation for 2025 will be $158.359 billion (approximately RMB 1.07 trillion), all of which will be paid in the form of stock rewards. The salary consists of two parts, including a long-term performance stock award of 132.3 billion US dollars in 2025, plus a temporary transitional award of 26.06 billion US dollars, which has since been invalidated. The total book value of the two items is 158.359 billion US dollars. If this astronomical figure is calculated based on 8760 hours per year, it is equivalent to Musk earning $18.08 million per hour, about 120 million yuan. But it should be clarified that the $158.359 billion is not the cash that Musk has pocketed, but rather the accounting fair value valuation of Tesla's 2025 CEO Performance Reward Program at the grant node. At the same time, Tesla clearly stated in the document that in the fiscal year 2025, Tesla did not achieve the market value and business performance assessment targets corresponding to this incentive plan. Therefore, Musk's actual income for the whole year of 2025 is zero, there is no cash income, and no equity has been unlocked. The relevant stocks are currently locked in. (Whip Bull Warrior)