"To unlock the full value of his compensation package, Musk must hit milestones that sound more like science fiction than corporate strategy. These include deploying one million robotaxis autonomous vehicles that generate revenue without human drivers and producing a million Optimus humanoid robots annually, powered by artificial intelligence (AI). Musk will only become the world's first trillionaire, albeit in stock options, if Tesla reaches a market capitalization of $8.5 trillion, six times the current $1.43 trillion."
"More than three-quarters of Tesla shareholders approved Musk's pay deal last Thursday after a seven-year legal battle and despite opposition from some institutional investors, including CalPERS, the largest public pension fund in the United States. CalPERS cited concerns about Musk's expanding control of Tesla. Under the stock deal, he could secure up to 25% shareholder voting rights, from 13% today. Critics argue that if Musk owned a quarter of Tesla, he could wield outsized control, stifle dissent and steer the firm's direction with minimal oversight."
Elon Musk's compensation package could be worth about $1 trillion if he meets extraordinary Tesla milestones tied to company performance. The goals require deploying one million revenue-generating robotaxis and producing one million Optimus humanoid robots annually powered by AI. The package vests only if Tesla's market capitalization reaches $8.5 trillion, roughly six times its current valuation. More than three-quarters of Tesla shareholders approved the deal after a seven-year legal battle, despite opposition from institutional investors such as CalPERS. The arrangement could raise Musk's voting rights to 25%, prompting concerns about concentrated control and reduced oversight. Delivering these ambitious targets remains highly uncertain.
Read at www.dw.com
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