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Supposedly filthy rich Elon Musk earns California's minimum wage

Believe it or not, Tesla's Elon Musk earns the minimum wage of $37,440 in California... and wants no part of it just to set an example. Ironically, this means the company CEO couldn't even afford a Tesla Model S with his base salary!

The stunning reveal comes as a wage equality debate rages in the U.S. For the record, Musk owns 26.7% of Tesla shares, worth $7.6 billion at Wall Street.

Other Tesla executives are much better compensated for their work including technology chief Jeffrey Straubel ($17 million in 2014) and finance director Deepack Ahuja ($3.78 million).

Tesla made $3.2 billion in revenue last year and lost $294 million.

In related news, Tesla will introduce a brand new product on Thursday, April 30th. It won't be a car, but rather a household battery along with a large-capacity, commercial-grade battery. Homeowners will be able to store solar energy to reduce their dependence on the electrical grid.

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