Elon Musk – One of the highest paid CEOs of 2019

Elon Musk is number one. He tops Bloomberg’s list of the highest paid CEOs of 2019, along with plenty of other tech execs, while Wall Street barely cracked the top 10. The first woman appears on the list at number 19.

Elon Musk, head of Tesla, SpaceX, and The Boring Company, made nearly $600 million last year, though not from his salary alone. He’s known for forgoing any annual base pay. Instead, his earnings come from Tesla stock.

Recently, the electric car company’s stock hit $1,400 a share. That made Tesla the most valuable car company in the world. (Its production workers, by the way, report making under $20 per hour.)

Second on Bloomberg’s list is Apple’s Tim Cook. He brings in $3 million from his annual salary. But with Apple equity and other perks, his 2019 total was more than $133 million.

Other well-known tech executives round out the top 10, including Alphabet’s Sundar Pichai (no. 8 at $86 million), Microsoft’s Satya Nadella (no. 9 at $77 million), and Intel’s Robert Swan (no. 7 at $99 million).

Only four women made the top 100 list. That includes Facebook’s Sheryl Sandberg, who isn’t a CEO, but the company’s chief operating officer. She is number 72 with a total earnings package of nearly $32 million.

Tesla Model Y Price gets $3000 discount!

As the coronavirus pandemic continues to take a toll on the automotive industry, companies like Tesla are having to make some changes.

On Saturday, Reuters reported that Tesla has lowered the price of yet another one of its vehicles, the Model Y mid-sized SUV.

The Model Y, which was revealed back in March 2019, launched in March 2020 at $52,990 (Long Range model). According to Tesla’s website, the model is now offered at a starting price of $49,990 (before potential savings).

The nearly 6% decrease in price comes after Tesla lowered the Model 3, Model X, and Model S prices. In July, it was also revealed that although Tesla delivered more vehicles in Q2 than Q1. Compared to the company’s production and deliveries stats for Q1, fewer vehicles were produced in Q2. (103,000 vehicles produced in Q1 and 82,272 produced in Q2.)

Founder and CEO Elon Musk, tweeted that Tesla’s most luxurious, feature-packed upgrade package would be increasing by $1,000. It would cost $8,000 starting July 1.