US EditionWhat can Elon Musk do with $1 trillion? He can eliminate world hunger, or buy 2,000 superyachts
Tesla shareholders approved the largest corporate payout in history to Elon Musk, contingent on reaching $2 trillion market value and 20 million vehicle deliveries by 2035.
- On Thursday , Tesla shareholders approved a $1 trillion pay plan amid chants in Austin, Texas, where Elon Musk, Tesla CEO, celebrated onstage after the vote.
- To unlock payouts, the plan requires Tesla to reach $2 trillion in market value, deliver 20 million vehicles by 2035, and achieve up to $400 billion in core profits.
- According to Tesla's terms, the package requires payouts in 12 tranches, a seven-and-a-half years vesting requirement, and operation of one million robotaxis plus one million Optimus humanoid robots.
- The approval immediately produced protests and criticism as the deal could make Elon Musk, Tesla CEO, the world's first trillionaire, sparking backlash from Norway's sovereign wealth fund and activist groups.
- Observers point out that the package equals India’s total defence budget for nearly 15 years and far exceeds the endowments of the eight most elite American universities .
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Elon Musk responded in the same way to Tesla's investors who approved his $1 trillion compensation package, making a series of extravagant predictions about what the company will be able to do in the coming years.Tesla's humanoid robot will progress from simple tasks, such as handing out candy bags, to performing surgeries with “higher than human” precision levels, said the executive director on Thursday. His car business, which is in decline an…
If Tesla achieves its targets over the next ten years, CEO Elon Musk will receive a $1 trillion bonus. This astronomical sum has raised eyebrows. Why should someone who is already a billionaire receive so much extra money? Or is the bonus just a stick to get the CEO to work harder for Tesla? HR expert Roland Grootenboer explains how it works.
Tesla CEO Elon Musk will receive a mega bonus if he can increase Tesla's market capitalization sixfold.
Elon Musk, the world's richest man, could significantly boost his current net worth of around $460 billion in the coming years. The Tesla boss could receive an exorbitant bonus package worth up to $1 trillion in the coming years. So, what could you actually do with all that extra cash?
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