Tesla's board chair is defending a proposed 10-year, $1 trillion compensation package for CEO Elon Musk. https://t.co/6tRFETZBs1 ...

Core Insights - Tesla's board has crafted a new $1 trillion compensation package for CEO Elon Musk, aimed at motivating him to achieve 12 ambitious operational milestones, including increasing Tesla's valuation to $8.5 trillion and selling approximately 12 million cars over the next decade [1][2] Group 1: Compensation and Goals - The compensation package is designed to incentivize Musk to meet specific operational milestones [1] - Key milestones include reaching a valuation of $8.5 trillion and selling around 12 million cars in the next ten years [1] Group 2: Musk's External Ventures - Tesla's chair, Robyn Denholm, stated that Musk's involvement in various external ventures, such as SpaceX and Neuralink, positively impacts Tesla by providing motivation and resources [2][3] - Denholm emphasized that Musk's creative energies from outside endeavors benefit Tesla, despite some skepticism about this perspective [3] Group 3: Political Involvement - Tesla's board has expressed concerns regarding Musk's political involvement and has sought assurances that it will diminish in a timely manner [4] - Denholm acknowledged Musk's right to engage in politics but indicated that his previous roles in administration are behind him [4][8] Group 4: Investor Sentiment - Some investors and analysts have voiced concerns about Musk's focus, suggesting that the board should establish ground rules for his political activities [9][10] - Ross Gerber, an early Tesla supporter, argued that the company would benefit from a different CEO who could refocus on Tesla's core mission [11]

Tesla outlined a new compensation package for Elon Musk that could be worth close to $1 trillion if the automaker achieves several goals over the next decade. https://t.co/wdzssaEXx6 https://t.co/KFpALJVE9I ...

Tesla's board just proposed a massive pay package for Elon Musk, up to $1 trillion. Yes, trillion. But the CEO is going to have to work for it.It's a 10-year plan that pays out against a series of very ambitious milestones and targets. Musk is going to have to expand the robo taxi service, building a fleet of up to 1 million robo taxis, selling 20 million Tesla electric vehicles, and building and producing 1 million Optimus humanoid robots. There's also a big leadership test here.Musk is going to have to he ...

🚨 NEW: Tesla has proposed a new compensation package for CEO Elon Musk valued at up to $1 trillion.The 10-year plan is tied to ambitious benchmarks, including expanding Tesla’s robotaxi business and growing its market cap from ~$1T today to at least $8.5T. If fully earned, Musk’s stake in Tesla would rise to 25%. ...

We have some breaking news we want to get to right now. Uh, and this is a biggie. Uh, and it's coming from Tesla.The company's board calling on shareholders to approve a new long-term incentive package. This is a compensation package for Elon Musk. And it is a remarkable and um the size of it all is uh just spectacular to even contemplate. In a proxy just filed, the company details a performance award that it says is designed to retain and motivate Musk.Much like Musk's 2018 performance award, he will only ...

Compensation Plan - Tesla's board approved a new "make good" compensation plan for Elon Musk, granting him 96 million shares, equivalent to approximately $30 billion [2] - The $30 billion represents about 3% of the company's shares [3] - The original 2018 compensation deal would have given Musk the equivalent of close to $90 billion, or 9% of the company, based on achieved milestones [3] - Under the new plan, Musk cannot sell the shares for 5 years, but he can pledge them to take out loans for taxes [5] - The new plan mirrors the original 2018 plan, where Musk was only paid based on performance [6][7] Legal and Future Considerations - The new deal is a "down payment" and will be voided if Tesla wins the appeal on the original 2018 deal [7] - Tesla is considering future steps to align with Elon Musk's focus, potentially including a Tesla investment in XAI [9][11] - The company acknowledges shareholder feedback and is working on next steps to address concerns and keep Elon focused [8][9][10] Financial Implications - Allowing the original plan would have been cheaper from an accounting perspective [13][14] - The exercise price for the shares is $2334 per share [15] - There is speculation that Elon Musk could become the first trillion-dollar individual as early as 2027, contingent on the stock's performance and gains in his companies [14][16]

Tesla’s board approved a compensation package consisting of 96 million shares of restricted stock to Chief Executive Elon Musk after earlier pay packages were struck down by a judge https://t.co/nQFLfSts0u ...