"Yes, you read that correctly: in 2018, Elon had to grow Tesla by billions; in 2025, he has to grow Tesla by trillions - to be exact, he must create nearly $7.5 trillion in value for shareholders for him to receive the full award."
"However, Musk was unable to claim this award due to a ruling by the Delaware Chancery Court, which deemed the payout an "unfathomable sum.""
"We're asking you to approve the 2025 CEO Performance Award. In designing the new performance award, we explored numerous alternatives. Ultimately, the new award aims to build upon the success of the 2018 CEO Performance Award framework, which ensure that Elon was only paid for the performance delivered and incentivized to guide Tesla through a period of meteoric growth. The 2025 C"
Tesla's Board of Directors proposed a 2025 CEO performance award that could yield $1 trillion in stock offerings if Elon Musk meets multiple high performance targets. The full award would require Musk to create nearly $7.5 trillion in shareholder value. Musk previously completed a 2018 package that awarded billions based on tranches of performance, but a Delaware Chancery Court later blocked that payout as an "unfathomable sum." The board views Musk as essential to retain given his role in company growth and is urging shareholders to approve the 2025 award at the upcoming meeting.
Read at TESLARATI
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