US EditionTesla Proposes $1 Trillion Compensation Plan for Elon Musk, Tied to Ambitious Targets
Tesla's $1 trillion CEO pay plan ties Elon Musk's compensation to achieving ambitious market value and operational goals over the next decade, aiming to retain his leadership amid competition.
- Tesla has proposed a $1 trillion compensation package for CEO Elon Musk, tied to ambitious benchmarks over 10 years, if approved.
- The plan aims to increase Tesla's market value from $1 trillion to at least $8.5 trillion and includes significant operational goals.
- Musk will not receive cash compensation, instead earning stock options if he meets the set targets, which include delivering 20 million vehicles by 2035.
- Tesla's board stated that retaining and incentivizing Musk is crucial for achieving ambitious company goals, as mentioned by Tesla Chair Robyn Denholm in a letter to investors.
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Elon Musk in Line for $1T Payout
Tesla CEO Elon Musk could be in line for a payout of $1 trillion if his electric car company meets a series of extremely aggressive targets over the next 10 years, according to documents released by the company. Tesla, which is leaning heavily into robotics and AI, said in a...
The board of directors of the electric car manufacturer Tesla has proposed a compensation package of up to $1,000 billion for the company's CEO Musk.
The Board of Directors of Tesla attracts CEO Elon Musk with an unprecedented compensation package. If the company achieves certain goals, the richest person in the world will be richer by up to $1 trillion. That would be by far the highest compensation package ever awarded to a manager. The goals it is attached to are likely to be tied above all to the growth of products with artificial intelligence (AI) and autonomous systems. Currently, demand…
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