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Tesla Proposes $1 Trillion Performance-Based Pay Package for Elon Musk
Tesla Proposes $1 Trillion Performance-Based Pay Package for Elon Musk
22
2
BTCCSquare news:
Tesla has unveiled an unprecedented performance-based compensation plan for CEO Elon Musk, potentially worth nearly $1 trillion if all targets are met. The package, structured around financial and market milestones, WOULD grant Musk 423 million shares upon achieving audacious goals—including a $8.5 trillion market capitalization and 20 million vehicle deliveries.
The proposal follows a Delaware court's invalidation of Musk's 2018 $50 billion pay package and a temporary $29 billion stock grant in July. Critics warn the new plan could further consolidate Musk's control, raising corporate governance concerns as his voting power expands with each equity tranche.
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