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Trillion-Dollar Bet Sealed: Musk's $87.8 Billion Megapayday Approved by Tesla Shareholders
BlockBeats News, November 7th, Tesla shareholders approved CEO Elon Musk's approximately $1 trillion compensation plan at the annual meeting. This is the highest compensation ever awarded to an executive in corporate history, supporting his vision to transform Tesla from an electric car manufacturer into an AI and robotics giant. Over 75% of the votes supported this unprecedented plan.
In the new incentive plan, Musk will receive stock in tranches by driving Tesla's market value growth and achieving profit and sales milestones. Over a period of 7 and a half years, he cannot sell any stock. The plan consists of 12 batches of stocks, and Musk currently owns approximately 13% of Tesla. If all rewards are achieved, he will receive 423 million new shares, increasing his stake to about 25%. With each batch of stock unlocked, Musk will receive the equivalent of about 1% of Tesla's current stock. Musk's goals for the next decade include: delivering 20 million vehicles, deploying 1 million Robotaxis, selling 1 million robots, and achieving core profits of $400 billion.
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