Summary
Tesla has proposed a pay package for Elon Musk that could be worth over $1 trillion if he achieves certain ambitious goals over the next decade. This plan does not include a regular salary or bonus and requires Tesla to significantly increase its value and achieve various technological advancements. The proposal follows a recent court ruling that previously awarded Musk $29 billion in shares was unfair to shareholders.
Key Facts
- Tesla plans to offer Elon Musk a pay package worth over $1 trillion upon meeting specific goals.
- The proposed plan requires Tesla's value to increase more than eight times its current worth.
- Musk's pay depends on hitting targets such as launching a million robotaxis and selling a million AI robots.
- Musk will not receive a salary or bonus under this plan.
- Previously, a court ruled that a $50 billion award for Musk was unfair, adjusting it to $29 billion in shares.
- The proposal is viewed by some as necessary to keep Musk with Tesla to achieve these goals.
- There are differing opinions about Musk's impact on Tesla, with some questioning his role due to his outside interests and actions.
