"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 proposed 2025 CEO Performance Award ahead of Tesla's Q3 2025 earnings. The plan would grant additional shares worth nearly $1 trillion over ten years and expand Musk's ownership stake to about 25%. Backers include the American Federation of Teachers, Public Citizen, Americans for Financial Reform, Ekō, People's Action, and Stop the Money Pipeline. The coalition argues Musk's political ventures and external businesses have distracted him from leading Tesla and calls the award outrageous and unreachable without a massive increase in Tesla's value.
Read at TESLARATI
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