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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 proposed a $1 trillion compensation plan for CEO Elon Musk, contingent on meeting aggressive targets over the next 10 years, according to a regulatory filing by the company.
- Musk must increase Tesla's market valuation to $8.5 trillion and deliver 20 million vehicles to receive the full payout, as outlined in the company's SEC filing.
- If the plan is approved, Musk could gain nearly 29% voting power over Tesla, with conditions including creating a CEO succession framework.
- Tesla's board indicated that if the new plan is not approved, Musk might leave the company, citing concerns over retaining and incentivizing him effectively.
72 Articles
72 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...
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