Tesla Offers Musk Unprecedented $1 Trillion Pay Package
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Tesla Offers Musk Unprecedented $1 Trillion Pay Package
Tesla proposed a new compensation agreement for CEO Elon Musk that can potentially be worth around $1 trillion. The proposal is designed to incentivize Musk to lead Tesla for years to come and sets a series of ambitious benchmarks he must meet to earn the full payout. Ed Ludlow reports on Bloomberg Television. -------- More on Bloomberg ...
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Elon Musk could become the world's first trillionaire if the Tesla board adopts a new proposal that could grant Musk 423.7 million additional shares of Tesla stock, worth $143.5 billion at today's value. But Musk would only get those shares if Tesla's market value reaches an ambitious milestone of $8.5 trillion in coming years. https://cnn.it/3VGrehf | CNN
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