Tesla proposes $1T award for Musk if he hits targets

5 days ago

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Tesla proposes a $1tn pay package for Elon Musk if he meets ambitious targets over the next decade.
Musk would receive no salary or bonus; the package depends on Tesla's value increasing eightfold and achieving other major goals.
Targets include boosting Tesla's earnings 24-fold, deploying a million robotaxis, selling a million AI robots, and selling 12 million more Tesla cars.
Tesla's board urges investors to approve the package, citing Musk's importance to the company's growth and innovation.
The proposal follows a court ruling that struck down Musk's previous $50bn award for being unfair to shareholders.
Musk would receive shares in 12 tranches tied to market and operational milestones, starting with a $2tn market value.
Critics question the package's size, arguing Tesla has lost its edge and Musk's outside activities harm the company.
Tesla previously denied reports of seeking to replace Musk, despite concerns over his focus and Tesla's declining share price.

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