Core Viewpoint - Renowned TV host Jim Cramer supports Elon Musk's trillion-dollar compensation package from Tesla, urging investors to focus on the company's long-term technological ambitions and societal impact rather than short-term financial metrics [1][2][3]. Compensation Package Details - Tesla's board has proposed a new compensation package for CEO Elon Musk that could be valued at up to $1 trillion, structured in 12 tranches, with the last two requiring market capitalizations of $7.5 trillion and $8.0 trillion, respectively, compared to the current market cap of $1.41 trillion [3][4]. - Critics argue that Musk could earn as much as $50 billion by achieving some of the easier targets outlined in the package [4]. Expert Opinions - Cathie Wood, CEO of Ark Invest, defends Musk's compensation package, suggesting that it is a necessary incentive and labeling opposition from index funds as "a form of socialism" [5]. - Ross Gerber from Gerber Kawasaki criticizes the package, calling it "insanity" and questioning the independence of Tesla's board in negotiations with Musk, suggesting potential future issues [6]. Stock Performance - Tesla shares increased by 2.28% on Thursday, closing at $448.98 per share, although they are down 0.58% in pre-market trading. The stock is rated highly in Benzinga's Edge Stock Rankings, indicating a favorable price trend across short, medium, and long-term periods [7].
Jim Cramer Backs Elon Musk's Trillion-Dollar Compensation Package: Tells Investors 'Don't Be Small-Minded' - Tesla (NASDAQ:TSLA)