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Tesla Proposes $1 Trillion Compensation Plan for Elon Musk, Tied to Ambitious Targets
Tesla's new 10-year plan offers Elon Musk up to 423 million shares if he achieves ambitious targets including growing market value to $8.5 trillion and increasing earnings 24-fold.
- Tesla's board proposed a $1 trillion pay package for CEO Elon Musk, focusing on ambitious growth targets over the next decade.
- Musk would earn shares linked to specific growth milestones, including increasing Tesla's market cap from $1.09 trillion to $8.5 trillion.
- Shareholders will vote on the new compensation package at the annual meeting on November 6 in Austin, Texas, with a successful vote enabling the issuance of additional shares.
- Musk has already accumulated significant wealth from Tesla and other ventures, with previous pay agreements facing legal challenges.
41 Articles
41 Articles
Tesla's board of directors proposed on Friday a compensation plan for its boss Elon Musk who could bring him over $1,000 billion, under conditions. ...
Tesla makes the tie to Elon Musk with a stratospheric bonus of one trillion dollars (about 855 billion euros to change). The proposal, designed to encourage him to run the company over the next few years, establishes a series of ambitious benchmarks that he must meet to win the full payment, including the expansion of Tesla's robotaxi business and the growth of the company's market value to at least 8.5 trillion dollars (7.2 million euros) from …
Tesla to award Musk an unparalleled $1 trillion depending on performance
Tesla’s board has proposed a US$1 trillion compensation plan for CEO Elon Musk in what would be the largest corporate pay package in history, underscoring the hold Musk has over the carmaker as it attempts to transform into an AI and robotics powerhouse. The world’s richest person has consistently said he needs more of a stake in the company, even as a legal battle over his 2018 pay package – then valued at a mere US$56 billion – continues. The …
Austin's car manufacturer has studied a rich package of rewards and incentives to convince the founder to stay focused on developing the...
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