Tesla offers pay package to CEO Elon Musk that could be worth up to $1 trillion | AI News Digest
Tesla's board is proposing a groundbreaking pay package for CEO Elon Musk, potentially worth up to $1 trillion over the next decade. This compensation plan includes approximately 423 million shares contingent on the company achieving specific milestones in profitability, production, and market capitalization. To fully realize this package, Tesla must reach a market cap of $8.5 trillion and meet operational targets such as delivering 20 million vehicles and producing 1 million self-driving 'robotaxis.' Analysts view this move as essential for retaining Musk during a critical growth phase for Tesla. Despite recent challenges, including a decline in vehicle sales, the company's stock has shown significant long-term growth.
