Elon Musk’s Record-Breaking $1 Trillion Compensation Package from Tesla
Tesla’s board has proposed an unprecedented compensation package for CEO Elon Musk, worth up to $1 trillion. This makes it the largest executive pay proposal in corporate history.
The 10-year plan requires Tesla to achieve extraordinary milestones. These include growing its market value from the current $1.1 trillion to at least $8.5 trillion by 2035.
- The package includes operational targets such as:
- 20 million vehicles delivered
- 10 million active Full Self-Driving subscriptions
- 1 million robots delivered
If approved by shareholders at Tesla’s November meeting, the deal would grant Musk an additional 423.7 million shares. This could potentially increase his stake to 25%.
The proposal comes as Tesla faces a multi-quarter sales slump. Meanwhile, Musk’s attention remains divided across his various ventures. These include SpaceX, xAI, and his political activities.
Move to the category: