"In order to unlock the full amount of shares proposed in this compensation plan, Tesla's value would need to increase dramatically to $8.5 trillion. As Tesla's proxy statement points out, that would make Tesla roughly 2x as valuable as the most valuable company in the world (Nvidia) today. Arguably, growing Tesla's value to double the value of Nvidia would justify paying Musk something like double the compensation of Nvidia's CEO."
"But the annual value of Musk's trillion dollar pay package isn't just 2 times what Nvidia's CEO made last year (just under $50 million); it's more than 2,000 times what Nvidia's CEO made last year. At his current compensation of $49.9 million, it would take Nvidia's CEO over 2,000 years to earn the amount that Elon Musk could earn, on average, per year for the next ten years,"
A coalition of unions and watchdogs launched the Take Back Tesla initiative urging investors to vote against Elon Musk's 2025 CEO Performance Award at the upcoming annual meeting. The plan would grant Musk additional shares worth nearly $1 trillion over ten years and raise his ownership stake to about 25%. Backing groups include the American Federation of Teachers, Public Citizen, Americans for Financial Reform, Ekō, People's Action, and Stop the Money Pipeline. Campaigners argue Musk's political ventures and external businesses have distracted him from leading Tesla and that the proposed award would deepen governance risks and weaken accountability. The proposal requires Tesla to reach roughly $8.5 trillion in value to unlock the full award.
Read at TESLARATI
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