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13 Articles
Elon Musk Could Become World's First Trillionaire
Elon Musk could soon become the world’s first trillionaire. The Tesla CEO, whose net worth already tops $436 billion, could become even more wealthy if Tesla shareholders move forward with proposed payment changes. Tesla’s board has suggested the new pay package but Musk would have to raise the company’s stock market value from around $1.1 trillion to $8.5 trillion in order to receive over 400 million more stock shares. That means Musk must crea…
Elon Musk’s Trillion Dollar Pay Deal Could Change Everything
The Biggest Payday in History Tesla has proposed a new compensation package for Elon Musk that could reach one trillion dollars. The deal is linked directly to performance targets that would require Tesla to scale to levels never seen in the automotive or tech world. If Musk delivers, he would secure the biggest payday in history. If not, the package evaporates. What Tesla Needs to Achieve For the pay package to vest in full, Tesla must grow fro…
Morning Brew Daily — The Unemployment Rate Hits 4-Year High & Elon Getting $1T from Tesla?
Episode 665: Neal and Toby discuss the latest jobs report and how the unemployment rate has hit a 4-year high. Next up, why Tesla wants to give Elon Musk a $1 trillion pay package. Then the guys share their weekend winners which include authors and a millennial who has reached Saint-hood. Finally a look at the week ahead.
CALIFORNIA.— Tesla's ten-year payment package (TSLA.O), valued at $1 trillion, intended to retain CEO Elon Musk, will probably be approved at the November shareholders' meeting despite its magnitude, according to compensation analysts and investors. The plan seeks to ensure Musk's permanence, calm doubts about the company's technical direction and give big owners reasons to back the figure. The board approved Friday what it called “A super ambit…
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