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Tesla 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.
65 Articles
65 Articles
Tesla CEO Elon Musk will receive $1 trillion (€852 billion) if he achieves several ambitious goals within 10 years. The carmaker's board of directors announced this. The company wants to see quick solutions after declining sales figures. Musk's goals include increasing Tesla's value eightfold and selling 12 million cars.
Tesla Offered Musk $1,000,000,000,000. He Still Made "Threats" To Quit
A $1 trillion pay package isnt simple to construct: A Tesla Inc. committee met with Elon Musk 10 times, delayed the companys annual meeting and enlisted six outside advisers before finalising the plan.
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...
Elon Musk Could Receive $1 Trillion Over Next 10 Years
Tesla CEO Elon Musk stands to earn a staggering $1 trillion over the next decade, according to newly released company filings outlining an ambitious compensation plan. In a Securities and Exchange Commission regulatory filing, Tesla’s board of directors is requesting that shareholders approve a new executive pay structure, which could be valued at up to $1 trillion, making it one of the largest executive pay packages in U.S. corporate history. “…
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