"That agreement required Musk to grow Tesla's market value from around $60 billion to $650 billion, its 12-month revenue from below $20 billion to $175 billion, and its adjusted profits from under $1.5 billion to $14 billion to get the full compensation. Schiffer recalled the deal was labeled "insane" and "crazy," with commentators declaring there was "no way in hell he'll ever achieve that." "And you know what, he did," Schiffer added."
"Under the company's latest plan, Musk would have 10 years toraise Tesla's market value from around $1.3 trillion to $8.5 trillion, boost its adjusted profits to $400 billion, deliver 20 million Tesla vehicles and a million Bots, reach 10 million active full self-driving (FSD) subscriptions, and bring a million robotaxis into commercial operation. "If he were to accomplish that, investors would do backflips, and of course, he should be compensated," Schiffer said. Awarding $1 trillion worth of stock to a CEO who's built an $8.5 trillion company would be reasonable, he added."
Musk's 2018 compensation plan tied a mammoth payout to ambitious targets and required growing market value from roughly $60 billion to $650 billion, revenue to $175 billion, and adjusted profits to $14 billion; those targets were met. The new 10-year plan aims to raise market value from about $1.3 trillion to $8.5 trillion, lift adjusted profits to $400 billion, deliver 20 million vehicles and one million Bots, reach 10 million active FSD subscriptions, and deploy one million robotaxis commercially. If those outcomes materialize, a $1 trillion stock award would be reasonable and investors would react very positively. The AI boom may echo the dot-com era but is not expected to trigger a similar crash.
Read at Business Insider
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