"The company's board wants to make Musk richer than God if he can help add trillions of dollars to its valuation. Elon Musk could become the world's first trillionaire if Tesla shareholders approve a new pay package that was just put forward by the company's board. Musk would need to meet certain milestones in order to receive that eye-popping compensation, such as producing 1 million robotaxis and 1 million humanoid robots, as well as increase Tesla's valuation by trillions of dollars."
"The proposal builds on an interim award of $29 billion that was announced last month. In total, the package is worth approximately $975 billion based on maximum payout. And it would give Musk more control over the company, which he has demanded in order to achieve his vision for AI-powered cars and robots. This isn't the first time that Tesla has tried throwing a bunch of cash at Musk to keep him focused on the company."
Tesla's board proposed a massive compensation package that could make Elon Musk the world's first trillionaire if shareholders approve and he meets steep milestones. The package would require producing 1 million robotaxis and 1 million humanoid robots and increasing Tesla's valuation by trillions of dollars. The award builds on a recently announced interim $29 billion grant and has a maximum payout of about $975 billion. The plan would also give Musk greater control over Tesla to pursue AI-powered cars and robots. A prior 2018 package worth over $50 billion was voided by a Delaware court, and Tesla has appealed.
Read at The Verge
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