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Tesla proposes $1 trillion Musk pay package

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Tesla proposes $1 trillion Musk pay package

Tesla's board proposes a potentially $1 trillion compensation package for Elon Musk over 10 years, contingent on ambitious growth targets. This includes hitting a market cap of $8.5 trillion, delivering 20 million vehicles, and producing millions of robotaxis and Optimus robots. The proposal aims to retain Musk as CEO through 2030, despite recent challenges including declining sales and legal battles over previous compensation. Musk's increased voting power is also part of the plan.

Prepared by Christopher Adams and reviewed by editorial team.

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