It presented an unprecedented pay package for its chief executive, which could make it the first trillionaire in the world.
The goal is 8.5 trillion valuation. dollar
According to plans disclosed to the US Securities and Exchange Commission, the 54 -year -old billionaire will have to launch Tesla’s capitalization from the current level of 1 trillion. dollars at 8.5 trillion. within 10 years. If he succeeds, he will acquire new shares that will increase his participation in the company, from about 16% to over 25%, increasing his property to more than 2 trillion. dollars.
Musk’s current property
Today, according to Forbes, his personal fortune is estimated at $ 430.9 billion, with Oracle co -founder Larry Eliason, in second place with $ 272.3 billion.
Reflections on Tesla
The new compensation plan is deposited at a time when Tesla is under pressure, with European sales decreased by 40% earlier this year, a development that many analysts have linked Musk’s political positions and close – albeit short -lived – relationship with Donald Trump. At the same time, he shares his time between Tesla, Spacex, Neuralink, Xai, Boring Company, and the X platform (formerly Twitter).
‘Outrageous’ plan
“At some point, the Board of Directors wonders if Musk is a burden for Tesla because of his views and distractions and offers him a package that defies any logic,” commented Dan Kochworth, an analyst of AJ Bell in London, describing the “outrageous” plan.
The company’s defense
However, Tesla defended her chief, describing him as a “visionary leader” and stressing that the plan is strictly based on performance. Objectives such as the functioning of 1 million ROCK-Taxi and the production of 1 million ah robots (AI bots) are included in the program. In case of failure, Musk will not receive any remuneration.
The previous 2018
It is worth noting that the new package is 28 times more demanding in terms of profitability than 2018, which provided for $ 55.8 billion bonus but “frozen” after a court ruling.
Comparison with Nvidia
The target valuation of 8.5 trillion. Dollars far exceeds the current value of Nvidia, the most expensive listed company in the world today.
Whether the package will eventually be approved will depend on the will of Tesla’s shareholders.
