"Incentivizing Elon": Tesla Offers Musk Unprecedented $1 Trillion Pay Package
"Incentivizing Elon": Tesla Offers Musk Unprecedented $1 Trillion Pay Package
The same leftist activist judge who torpedoed Elon Musk's Tesla pay deal earlier this year will likely go berserk over the company's latest plan: a jaw-dropping 10-year, $1 trillion compensation package for the billionaire. This is the largest in the history of corporate America. Then again, when you're running a company positioned to dominate the 2030s - from EVs to robots to chips to AI - and make the U.S. competitive against China in these critical technologies, it all starts to make sense.
reports Musk's trillion-dollar pay package over ten years is contingent on achieving ambitious growth milestones, such as:
Musk must expand Tesla's robotaxi business and increase market value from $1 trillion to $8.5 trillion.
The terms of the new pay package were outlined in Tesla's proxy filing on Friday. The additional shares would raise Musk's stake in the electric-vehicle maker to at least 25%, a level he has previously stated he wants.
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Unlocking the full 423 million-share payout will be challenging. To justify an $8.5 trillion market value - up from about $1 trillion on Friday - Tesla would need to sell 12 million additional EVs, secure 10 million autonomous driving subscriptions, deploy 1 million robotaxis, sell 1 million AI-powered robots, and expand adjusted earnings 24-fold to $400 billion.
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Tesla's proxy filing highlights some novel features of this new CEO performance award:
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Despite a leftist activist judge in a Delaware court who struck down Musk's prior $50 billion pay package from 2018, Tesla's board offered the CEO an interim $30 billion pay package in August (https://www.zerohedge.com/markets/tesla-board-approves-96-million-share-stock-award-retain-elon-musk?ref=rawdiary.com
).
"Simply put, retaining and incentivizing Elon is fundamental to Tesla achieving these goals and becoming the most valuable company in history," Tesla Board Chair Robyn Denholm wrote in a letter to shareholders.
Tesla's proxy filing also details how Musk must participate in the board's development of a framework for long-term succession planning as the CEO. There was also talk that Musk would "wind down" political work... Recall yesterday, Musk was snubbed from a tech CEO party at the White House.
As for the leftist activist judge, Democrats, and others on the left who bash capitalism while promoting socialism and Marxism...
🚨 BREAKING - ZOHRAN MAMDANI: “I don't think that we should have billionaires.”
Oh man…https://t.co/mM8My038Nu
— Eric Daugherty (@EricLDaugh) https://twitter.com/EricLDaugh/status/1939351649094385935?ref_src=twsrc%5Etfw
...this pay package will no doubt be the talk of the town among the left.
https://cms.zerohedge.com/users/tyler-durden
Fri, 09/05/2025 - 08:15
