Musk's Tesla package pays him billions even if he misses 'Mars-shot' goals - News Summed Up

Musk's Tesla package pays him billions even if he misses 'Mars-shot' goals


The board’s pay proposal requires Musk to remain a Tesla executive for at least seven-and-a-half years to collect any stock compensation. MODEST TARGETS WORTH BILLIONSHitting any two product goals in a decade, along with a $2.5 trillion valuation, pays Musk $26.4 billion in stock. In its pay proposal, Tesla’s board declared Musk the only person capable of transforming Tesla into an artificial-intelligence juggernaut. Wei Jiang, vice dean at Emory University’s business school, said Tesla’s board has granted Musk a “monopoly” on Tesla’s top job. Neither will the “handful of billions” for lower-rung goals matter much to Musk, who cares more about historic technological achievements, Murphy said.


Source: bd News24 October 09, 2025 14:12 UTC



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