Tesla has announced that its board has recommended a new compensation plan for CEO Elon Musk, potentially worth around $1 trillion if he achieves a set of ambitious goals. If approved, this would become the largest executive pay package in corporate history.
To unlock the first tranche of shares, Tesla must nearly double its market value to $2 trillion and reach a cumulative production and delivery milestone of 20 million vehicles.
Earlier this year, Tesla approved an interim compensation plan for Musk valued at approximately $29 billion in restricted stock. This package was designed to retain him at Tesla through 2030, as the company pivots towards an AI-first strategy.
The new plan reflects Tesla’s confidence in Musk’s leadership and its commitment to maintaining a leading position in technology and innovation. It underscores the company’s focus on autonomous driving, AI integration, and long-term growth in the electric vehicle and technology sectors.
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