Tesla and SpaceX CEO Elon Musk, who may soon buy Twitter, is at the top of Fortune’s list of highest-paid CEOs. The others, on the other hand, are likewise in the technology and biotech industries. Tim Cook, the CEO of Apple, Satya Nadella, the CEO of Microsoft, and Reed Hastings, the CEO of Netflix, is among these executives. Cook was paid $770.5 million in 2021 alone, according to Fortune, which was a component of a $1.7 billion 10-year stock grant. He was ranked number two on the list. His remuneration is appropriate because Apple’s market worth climbed by $2.2 billion during his tenure. On the Fortune 500, Apple is ranked third.

In 2021, Nvidia’s Jensen Huang received $561 million in salary, while Cook cornered the former. Huang “realized around $507 million from expiring options that had been awarded in 2011 and 2012, representing the approximately 60x increase in the company’s share price over the [previous] decade,” according to a spokeswoman for Fortune 500. Reed Hastings, the CEO of Netflix, is in fourth place, having recently announced various new initiatives to boost revenues for the company, which has been beset by issues such as account sharing and inferior content compared to its competitors. According to the Fortune 500, Hastings made $453.5 million last year. A Netflix spokeswoman, on the other hand, refuted the report. “His pay in 2021 was $40.8 million, with $650,000 in cash and $39.7 million in stock options, according to our proxy statement,” says the company.

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Musk’s announcement a day earlier that the US-based electric carmaker would not build in India until it was allowed to sell and service its cars in the nation prompted Aggarwal’s tweet on Saturday.

“Tesla will not put a manufacturing plant in any location where we are not allowed first to sell & service cars,” Musk tweeted on Friday.

Tesla’s admission into the country has been on hold since 2019, due to the government’s refusal to accept the company’s desire for a reduction in import tariffs. India imposes a 60% import charge on electric vehicles with a price of $40,000 or less, and a 100% levy if the price is higher.

Aggarwal’s announcement comes as the local EV maker hunts for locations to develop cells and electric vehicles. Ola Electric would need 1,000 acres of land to build the facilities, which are expected to cost Rs 10,000 crore.

The company already owns 500 acres in Krishnagiri, Tamil Nadu, where it has erected the world’s largest two-wheeler plant, the Futurefactory.

Ola will debut its first electric car in the next 2 to 3 years, according to Aggarwal, and it will be constructed at a new plant separate from the existing Futurefactory.

The Indian government is enthusiastic about electric vehicles and has given a number of incentives to encourage both manufacturing and demand.

FAME II (Faster Adoption and Manufacturing of [Hybrid and] Electric Vehicles in India) is a Rs 10,000 crore plan.

Nitin Gadkari, the Union Minister for Road Transport and Highways, has previously advised Tesla to avoid importing automobiles from China. According to Gadkari, if an EV company manufactures its automobiles in India, it will be eligible for the requisite subsidies.

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