The electric carmaker had unveiled chief Elon Musk's proposed $1 trillion compensation plan in September.
The electric carmaker had unveiled chief Elon Musk’s proposed $1 trillion compensation plan in September.
By Reuters
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Musk had a $56 billion pay package thrown out twice in 2024, so Tesla’s board has proposed a deal worth $1 trillion.
Chants of ‘Elon’ erupt after compensation plan approved despite opposition from several high-profile investors
The world’s richest person could have his net worth nearly double under the proposed payment plan.
The compensation would be delivered in shares and tied to performance milestones set by the Tesla board over 10 years.
The unprecedented payday will go into full effect by 2035—as long as Tesla hits ambitious financial and production targets.
Institutional Shareholder Services recommended Tesla investors vote against a pay plan for CEO Elon Musk that would grant him…
