Elon Musk's New Compensation Plan: Could Earn Approximately $1 Trillion in Rewards Over the Next Decade

According to sources, Tesla's board proposed a new compensation plan on Friday, where Elon Musk could earn approximately $1 trillion in rewards if he achieves a series of challenging goals over the next ten years. Under this plan, Musk will not receive any salary or bonuses, but his rewards will be in the form of stocks that will vest in stages. Unlocking conditions include significant growth in Tesla's market value, substantial profit increase, sales of millions of cars, and other key milestones. Board Chairman Robyn Denholm stated in a letter to investors, 'Retaining and motivating Musk is crucial for Tesla to become the most valuable company in history. This compensation plan aims to combine exceptional long-term shareholder value with incentive measures to drive our visionary leader to achieve the best performance.' The board emphasized that Musk's incentives are highly aligned with investor interests. If Tesla's growth stagnates, he will receive nothing. However, the enormous scale of this compensation is likely to reignite intense debates about the income level of the world's richest person.

Related Articles