TSLA stock price: Elon Musk got his $1 trillion pay package. Here's how Tesla investors are reacting

"At Tesla's investor meeting yesterday, over three-quarters of shareholders voted to approve Musk's nearly $1 trillion compensation package. However, the package isn't a blank check filled with 13 digits before the decimal place. Instead, it is an agreement that includes a series of milestones Tesla needs to reach under Musk's leadership. With each milestone reached, Musk receives some of the pay package's agreed-upon sum, mostly in the form of Tesla shares."

" As Fast Company previously reported, those milestones won't be easy. They include the following: 20 million Tesla vehicles delivered 10 million active Full Self-Driving subscriptions 1 million robots delivered 1 million Robotaxis in commercial operation A series of adjusted EBITDA benchmarks A market cap for Tesla of at least $8.5 trillion"

"All of these are a tall order, particularly the last one. No company in history has ever come close to an $8.5 trillion market capitalization. Last month, NVIDIA Corporation (Nasdaq: NVDA) briefly became the world's first $5 trillion company. Today, it retains its number one spot, with a market cap of around $4.4 trillion. Apple Inc. (Nasdaq: AAPL) and Microsoft Corporation (Nasdaq: MSFT) currently come in at numbers two and three, with market caps of $4 trillion and $3.6 trillion, respectively. As for Tesla, the company currently ranks as having the 10th largest market cap in the world, at $1.4 trillio"

Tesla shareholders approved a compensation package that could award Elon Musk nearly $1 trillion if Tesla meets numerous performance milestones. The package vests in tranches tied to goals such as delivering 20 million vehicles, achieving 10 million active Full Self-Driving subscriptions, delivering one million robots, operating one million Robotaxis, meeting adjusted EBITDA benchmarks, and attaining at least an $8.5 trillion market capitalization. Payouts occur mostly in Tesla shares as milestones are hit. Several targets are unprecedented relative to current industry market caps and Tesla's present position near a $1.4 trillion valuation. Achieving the market-cap target would make Musk the world's first trillionaire.

Read at Fast Company