Elon Musk could become trillionaire with new Tesla pay package

Tesla's Executive Compensation - Tesla shareholders approved a new pay package for Elon Musk [1] - The pay package could potentially net Musk approximately $878 billion [2] - The payment is not a simple bonus or raise, but tied to achieving ambitious targets over the next 10 years [2] Performance Targets - Musk's compensation is contingent on growing Tesla from a $1500 billion company to a $8500 billion company [6] - Targets include selling 20 million vehicles, securing 10 million active full self-driving subscriptions, selling 1 million Optimus robots, and deploying 1 million robo taxis [6] - Achieving these valuation milestones is necessary for Musk to receive the full compensation [6] Shareholder Rationale - Shareholders, holding a vested interest in Tesla, approved the plan with a 75% vote [5] - Shareholders are willing to forgo dividends and share buybacks to incentivize Musk [5] - The decision is partly driven by concerns that Musk's distractions, such as his involvement with Doge and activities in Washington DC, negatively impacted Tesla's stock [6][7]