"The future's so bright for Elon Musk, even industrial-grade shades won't block the glare from his $1 trillion (862 billion) pay deal. That is, of course, if he manages to hit some truly mind-boggling goals for Tesla, the electric-vehicle company he founded and transformed into a tech juggernaut. To unlock the full value of his compensation package, Musk must hit milestones that sound more like science fiction than corporate strategy."
"These include deploying one million robotaxis autonomous vehicles that generate revenue without human drivers and producing a million Optimus humanoid robots, powered by artificial intelligence (AI). Musk will only become the world's first trillionaire, albeit in stock options, if Tesla reaches a market capitalization of $8.5 trillion, six times the current $1.43 trillion."
Elon Musk's stock-based pay deal could be worth about $1 trillion if Tesla meets extreme production and market-value milestones. Required targets include deploying one million autonomous robotaxis and producing one million Optimus humanoid robots powered by AI. The package requires Tesla to reach an $8.5 trillion market capitalization, roughly six times its current value. More than three-quarters of shareholders approved the deal after a seven-year legal battle, despite opposition from institutional investors such as CalPERS. The arrangement could increase Musk's voting power to about 25%, prompting criticism that greater ownership might allow outsized control and reduced oversight.
Read at www.dw.com
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