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Tesla Proposes $1 Trillion Compensation Plan for Elon Musk, Tied to Ambitious Targets

Summary

Tesla is asking investors to approve yet another outsized pay plan for CEO Elon Musk, according to a financial filing out Friday. The proposed compensation plan for Musk, already the world’s wealthiest individual, consists of 12 tranches of shares to be granted if Tesla hits certain milestones over the next decade. It would also give Musk increased voting power over the EV maker and aspiring robotics titan, which he has publicly demanded since early 2024.

7 Articles

Il Post

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Tesla Wants to Give Elon Musk a Huge Billion-Dollar Pay Package, with some Conditions.

1 hour ago·Italy

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Hot News

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Tesla Wants to Give Elon Musk a Package of Outstanding Compensation Even Among Large American Companies - hotnews.ro

The Tesla Board of Directors has proposed a $1 trillion (1,000 billion) compensation plan for its Director General Elon Musk, from the largest corporate salary package in history, transmits...

4 hours ago·Romania

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Financial Express

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Tesla to award Elon Musk unprecedented $1 trillion payout with one condition

The development comes weeks after the company board approved an interim compensation package worth about $29 billion in restricted stock.

4 hours ago·Uttar Pradesh, India

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Sueddeutsche Zeitung

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Tesla Chief: a Billion for Elon Musk

Tesla has decided on a new compensation package for his boss, putting everything in the shadow of what has been going on in the US so far.

4 hours ago·Munich, Germany

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El Pais

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Tesla Proposes an Unprecedented $1 Trillion Bonus for Elon Musk

That is the stratospheric bonus that proposes to pay Tesla to his CEO, Elon Musk, to keep him focused on the company and prevent it from distracting on other issues such as politics, something that has cost the US car manufacturer dearly in terms of sales and profits. The figure, which has no precedent in the business world, sets a number of ambitious goals that it must meet in order to obtain the full payment, including the expansion of Tesla's…

5 hours ago·Spain

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