Tesla's board to Elon Musk: Hit these milestones, and we'll make you a trillionaire
Tesla's board has proposed a staggering CEO compensation package to Elon Musk, which could make him the world's first trillionaire. The plan, which requires shareholder approval, is designed to keep Musk's attention on Tesla for the next decade. To receive the full payout of around $900 billion, Musk would need to increase Tesla's market value to $8.5 trillion, deploy a million Tesla robotaxis and a million AI robots, and participate in the company's long-term CEO succession plans. The board believes that Musk's "singular vision" is vital for Tesla to become the most valuable company in history, and the package is partly motivated by Musk's threat to pursue other interests. If Musk hits all the required benchmarks, his stake in Tesla would grow from 13% to 29%.
Source: For the complete article, please visit the original source link below.
