Tesla's board has proposed a groundbreaking compensation plan for CEO Elon Musk, potentially worth $1 trillion over the next decade. The plan, which will be voted on by shareholders on November 6, is contingent on achieving ambitious goals, including increasing Tesla's market value to $8.5 trillion and expanding its core businesses in autonomous vehicles and humanoid robots.
The proposal outlines 12 milestones, each unlocking a portion of the stock rewards, requiring both market value growth and operational achievements. If successful, Musk's stake in Tesla could rise to 25%, positioning the company as a leading AI and robotics platform beyond its current electric vehicle focus.
Tesla Proposes $1 Trillion Compensation Plan for Elon Musk
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