US EditionTesla shareholders approve Elon Musk’s $1 trillion pay package
- On Thursday, Tesla shareholders approved a proposed pay package that could be worth up to $1 trillion, with over 75% voting in favor at the Tesla annual meeting, held on Thursday.
- Robyn Denholm, Tesla chairwoman, and the Tesla board argued the package keeps Musk focused and rewards results, while Musk threatened to leave and framed it as control over Tesla, not riches.
- To unlock the award, Tesla must reach $8.5 trillion market capitalization and meet 12 milestones including 20 million vehicle deliveries, 10 million Full Self-Driving subscriptions, and 1 million Optimus robots delivered.
- The outcome dilutes other holders and gives Elon Musk 208 million shares with no strings attached, continuing rules that limit shareholder oversight and locking Tesla into Musk as CEO.
- Critics note Musk could net hundreds of billions with modest progress, Glass Lewis calculated a $942 billion payout, while Musk's robot and robotaxi projects remain unproven commercially.
625 Articles
625 Articles
The richest person in the world could be a trillion dollars richer. Tesla shareholders voted for an unprecedented compensation plan for Musk.
The richest man on earth will receive another trillion dollars if he meets the expectations of Tesla shareholders in the next decade.
People Lashing Out Over Elon's $1T Pay Package Look Pretty Silly
There is a lot of outrage over Tesla shareholders approving a pay package that could make Elon Musk a trillionaire. Much of the screaming is political but it reflects how little they know of the situation. Elon would have to create miracles to get the money. Every penny of Elon Musk’s pay is tied to […] The post People Lashing Out Over Elon’s $1T Pay Package Look Pretty Silly appeared first on www.independentsentinel.com.
The shareholders of Tesla have agreed to grant Elon Musk an exorbitant remuneration of a thousand billion dollars. An unprecedented amount that he will be able to receive in ten years, but he still has some conditions to fulfil. He will, in this time, have to sell 20 million Tesla cars, one million humanoid robots, just as much robotaxis, and multiply by six the value of the company. Will his grain of madness suffice? The objectives set are very…
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