Tesla proposes $1tn award for Musk if he hits targets

Tesla, the electric vehicle company, has proposed a $1 trillion incentive package for its CEO, Elon Musk, if he meets a set of ambitious performance targets. The package is designed to align Musk's interests with those of the company and its shareholders. The proposed award would be one of the largest compensation packages ever granted to a corporate executive. It would see Musk receive a series of stock options if Tesla's market value reaches certain milestones, up to a maximum of $1 trillion. To receive the full payout, Musk would need to grow Tesla's market value to $650 billion and increase its revenue and adjusted earnings by substantial amounts. The targets are seen as extremely challenging, but if achieved, would make Tesla one of the most valuable companies in the world. The proposal has drawn both praise and criticism, with some arguing that it aligns Musk's incentives with long-term growth, while others question the feasibility of the targets and the size of the potential payout.