17:14 - 5.09.2025

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September 5, Fineko/abc.az. Tesla Inc.’s board of directors is asking shareholders to approve a new 10-year compensation package for CEO Elon Musk, which could total $1 trillion.

According to ABC.AZ, Tesla stated that the proposed plan involves phased stock-based payouts to Musk, contingent on the company achieving specific targets related to both market capitalization and operational performance.

The maximum payout is tied to Tesla reaching a market capitalization of $8.5 trillion by 2035 and increasing its adjusted EBITDA to $400 billion. If these goals are met, Musk would receive approximately 12% of Tesla shares, valued at $1.03 trillion.