Tesla Proposes Compensation Plan For Musk That Could Be Worth As Much As $1 Trillion

Core Points - Tesla has introduced a new compensation package for CEO Elon Musk, which could be valued at approximately $1 trillion if specific ambitious goals are achieved over the next decade [1][2] - The primary goal of this compensation package is to increase Tesla's market capitalization from around $1 trillion to $8.5 trillion by 2035 [1][2] - The plan was detailed in an SEC filing, indicating that Musk could gain an additional 12% stake in Tesla, addressing a demand he made last year [2] Summary by Sections - Compensation Package: The new package for Musk could be worth around $1 trillion, contingent on meeting ambitious targets [1][2] - Market Capitalization Goal: The goal set for Musk is to raise Tesla's market cap to $8.5 trillion within ten years, significantly higher than its current valuation [1][2] - Stake Increase: The SEC filing mentions that Musk could receive an additional 12% stake in Tesla, which aligns with his previous requests [2]