Tesla Board Proposes $1 Trillion Pay Package for Musk Amidst Company Struggles
Tesla’s board is proposing a new compensation package for CEO Elon Musk potentially worth up to $1 trillion in a decade, which would award him approximately 423 million shares contingent on reaching specific financial and operational milestones. These include significant increases in market capitalization, vehicle deliveries, and production of robotaxis and humanoid robots. This scheme aims to retain Musk as CEO through 2030 amid a critical growth phase for the company, as Tesla’s stock has seen fluctuations. The proposed package comes despite recent legal challenges to Musk’s previous compensation and a recent dip in vehicle sales and profits.
John Q. Hosedrinker