US Edition
Tesla Proposes $1 Trillion Compensation Plan for Elon Musk, Tied to Ambitious Targets
- Tesla proposed a $1 trillion compensation plan for Elon Musk, requiring him to increase the company's valuation to $8.5 trillion for shareholder approval in November.
- The pay package, structured over ten years, urges Musk to create a "CEO succession framework" to receive his full payout.
- Tesla's board warned that without approval, Musk might leave the company, which could affect his voting control.
- The board emphasized the need for Musk to limit his political involvement, stating it is critical to receive assurances from him on the matter.
25 Articles
25 Articles
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…
Elon Musk is in line for a $1 trillion pay package if Tesla hits aggressive goals over next 10 years
Tesla is asking its investors to approve a proposed compensation package for CEO Elon Musk that could be worth almost $1 trillion and is based on the electric vehicle maker hitting certain ambitious milestones over the next decade. The company,…
Proposed Tesla pay package could make Musk a trillionaire
Tesla has proposed a new pay package for CEO Elon Musk that could make the world’s richest man a trillionaire. The pay package, which is up for consideration at Tesla’s annual shareholder meeting in November, would grant Musk about 423 million shares in the company if he meets a series of milestones over the next…
Coverage Details
Bias Distribution
- 57% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
