In what would be the largest corporate pay package in history.
The proposed plan would grant Musk up to 12% of Tesla’s stock, worth about $1.03 trillion if the company hits its target market value of $8.6 trillion. The plan requires boosting Tesla’s valuation nearly eightfold, or about $7.5 trillion, over the next decade.
If fully earned, the award would materially increase Musk’s voting power from his roughly 13% stake, intensifying debate over governance and succession.
The world’s richest person has consistently said he needs more of a stake in the company, even as a legal battle over his 2018 pay package – then valued at a mere $56 billion – continues. The newly proposed award is roughly 18 times the size of the contested plan.
The plan highlights Tesla’s reliance on Musk as it faces slowing EV demand, rising competition from Chinese rivals and pressure to deliver on its AI ambitions.
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Source:Lovinghananews.com
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