Synopsis
Tesla’s board has proposed a groundbreaking compensation plan for CEO Elon Musk, potentially valued at $1 trillion if ambitious targets are met. This unprecedented package highlights Tesla’s confidence in Musk’s leadership as the company transitions into a technology powerhouse, focusing on AI and autonomous systems.
Tesla’s board has proposed a new compensation plan for CEO Elon Musk valued at about $1 trillion upon achieving certain lofty targets.
The proposed package, which would be the largest in corporate history if approved, underscores Tesla’s bet on Musk to steer its transformation from a carmaker into a technology powerhouse.
The plan is expected to be tied to ambitious performance milestones, including growth in AI-driven products and autonomous systems.
Tesla’s board earlier this year approved an interim compensation package for CEO Elon Musk worth about $29 billion in restricted stock, designed to keep him at the helm through at least 2030 as the company pivots to an AI-first strategy.
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