The Board of Directors of Tesla Inc. On Friday he proposed a new remuneration plan for the general manager of Elon Musk, which would be rewarded with shares worth about 1,000 billion, if the company will reach a number of ambitious performance goals.
The proposed package, which will be one of the largest in history if approved, highlights the confidence in Musk’s ability to turn the company from a car manufacturer into a great technological power.
The plan, which extends over a period of 10 years, sets a number of ambitious objectives that Musk has to achieve to receive all the rewards, including the growth of Tesla businesses in the field of autonomous taxis and increase the company’s market value to at least 8,500 billion dollars, from about 1,000 billion dollars.
If these goals are achieved, Musk would receive a 12% of Tesla shares, which would be worth $ 1.030 billion, if the company’s payment value will reach $ 8,600. This reward would take Musk’s participation in Tesla up to 25%. and would further intensify the debates on the company’s governance.
The richest man on the planet has repeatedly stated that he has the need to have a greater participation in Tesla, even though he had legal dispute on his 2018 remuneration package, then evaluated is 56 Millarde dollars, he did not end. Tesla moved the registered office of the company from Delaware to Texas in 2024, after a Delaware judge canceled, twice, the $ 56 billion Pachot granted by Tesla lui Musk.
At the beginning of this year, the test board approved an intermediate remuneration package for Elon Musk, composed of preferential actions worth about 29 billion Dolart, and which is intended to keep it at least until 2030.
