By Muhammad Sal
Tesla’s board of directors has unveiled a compensation scheme for Chief Executive Officer Elon Musk that could reach $1 trillion over the next decade, contingent upon the achievement of a series of ambitious performance benchmarks.
This comprehensive compensation proposal aims to secure Musk’s leadership as Tesla pushes the boundaries of innovation, targeting dramatic expansion in multiple sectors. Key performance goals include increasing Tesla’s market valuation from roughly $1 trillion to an extraordinary $8.5 trillion and scaling vehicle deliveries to 20 million units. Additional targets emphasize the growth of Tesla’s robotaxi services and deployment of one million humanoid robots.
Under the terms of the arrangement, Musk’s equity stake in Tesla could rise to at least 25%, consolidating his influence in the company. The plan also acknowledges an interim stock award valued around $30 billion granted earlier this year, amidst legal proceedings surrounding a previous 2018 compensation package worth more than $50 billion.
Tesla’s leadership reiterates that these incentives are designed to maintain Musk’s focus on the company despite his commitments to other ventures such as SpaceX, Neuralink, and xAI. He has publicly reaffirmed his intention to lead Tesla over the coming years, a commitment made in recent interviews.
We’d love your thoughts on this article! Was the information relevant to you?
