A merger between Tesla Inc.
(NASDAQ:TSLA) and SpaceX could reportedly trigger Elon Musk's $1 trillion Tesla pay package without the EV giant having to reach any operational milestones. $1 Trillion Package Kicks In With Merger?
The package, which features operational milestones like 10 million active FSD subscriptions, 1 million Tesla robotaxis on the road, and Tesla delivering over 1 million robots by 2035 among others.
However, an Electrek report on Sunday showed that the milestones would be voided in the event of a "Change in Control." Read Also: Trump Criticized Canada's China EV Deal—Elon Musk's Tesla Could Be Among Its Biggest Winners The report pointed to the "Change In Control" section of the contract, which stipulates that "in the event of a Change in Control, the Operational Milestones shall be disregarded," and that only the market capitalization would be considered for the award.
The change in control clause could point towards a potential merger/buyout of the EV giant, which could take place as talks of a possible merger with SpaceX have been in the headlines in the past.
