""Actually, having his creative energies in various endeavours that are outside of Tesla actually helps Tesla. I know that sounds perverse, and people don't really understand that," Denholm said. "But having worked with him now for 11 years, it actually benefits Tesla with him doing things that are not in the mission of Tesla outside of Tesla, both from a resource perspective, but also from a motivation perspective.""
"At Tesla, a long list of extracurriculars seems to pay off. Tesla's chair, Robyn Denholm, appeared on "Bloomberg Talks" on Friday to discuss the new $1 trillion compensation package its board crafted for CEO Elon Musk. The package is meant to motivate Musk to help Tesla hit 12 ambitious "operational milestones," including taking Tesla's valuation to $8.5 trillion, selling about 12 million cars in the next decade, and putting a million robotaxis on the road."
Tesla's board approved a $1 trillion compensation package tying CEO Elon Musk's pay to 12 operational milestones, including an $8.5 trillion valuation, roughly 12 million cars sold over the next decade, and one million robotaxis on the road. The board views Musk's involvement in outside ventures as beneficial to Tesla by providing resources and motivation. Musk leads SpaceX, Neuralink, xAI, plays a major role at X, and manages the Musk Foundation. The board expressed concern about Musk's political activities and sought assurances that his political involvement will wind down while noting his rights as a private citizen.
Read at Business Insider
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