US EditionTesla Proposes $1 Trillion Compensation Plan for Elon Musk, Tied to Ambitious Targets
- Tesla unveiled a new pay package on September 6 that could grant Elon Musk shares worth up to 12% of the company if milestones are met.
- The plan requires Tesla to reach an $8.5 trillion market valuation and deliver 20 million vehicles over the next decade amid recent stock declines and competition.
- Additional conditions include Musk staying at Tesla for 10 years and establishing a succession framework as part of this ambitious retention effort.
- If the proposal is accepted and Tesla's valuation rises as expected, Musk could receive an additional 423.7 million Tesla shares, currently valued at $143.5 billion, potentially positioning him as the first person to reach a trillion-dollar net worth.
- The board states retaining Musk is fundamental to achieving these goals, with a shareholder vote scheduled for November 6 to approve the proposal.
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74 Articles
Tesla is offering Elon Musk a stock package, which could be worth about a trillion dollars. Thus, Musk is entitled to up to twelve percent of Tesla's shares.
TechCrunch
New Movies & TV Shows, Trailers & ReviewsMusk's $1T pay package is full of watered-down versions of his own broken promises
Musk used to say Tesla would make 20 million cars and one million humanoid robots per year. The company's board wants far less than that in exchange for $1 trillion.
Elon Musk Could Become First Trillionaire Under Proposed Pay Package by Tesla
Get latest articles and stories on Business at LatestLY. Elon Musk, Chief Executive Officer (CEO), Tesla could become the world's first trillionaire after the company's board unveiled a massive new pay package tied to ambitious future growth targets, reported by news platform CNN. Business News | Elon Musk Could Become First Trillionaire Under Proposed Pay Package by Tesla.
Elon Musk May Soon Become The World’s First Trillionaire, Here’s How
A trillion is a lot of zeros. Tesla CEO Elon Musk may soon become the world’s first trillionaire. Musk’s chance of becoming the world’s first trillionaire comes from a new pay package Tesla is offering him. The pay package includes over 420 million shares of Tesla stock, which will not make a him a trillionaire but if Tesla’s value rises, he will be on the door of becoming a trillionaire. If Elon Musk achieves his compensation plan, it would ma…
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