The Tesla Board of Directors Wants To Reward CEO Elon Musk With An Amount That Could Amount to 1 Trillion Dollars (860 Billion Euros). The condition is that the Stock Market Value Rises to At Least 8.5 Trillion Dollars in the Next Ten Years.
That will not be an easy task. Tesla’s Market Value is Currently Just Above 1 Trillion Dollars. Even The Company That is Currently The Most Valuable On The Stock Exchange (NVIDIA) Only Reaches a Market Value of 4.2 Trillion Dollars. Another Requirement is that Tesla Has One Million Robotaxis in Operation and Delivers One Million Ai Robots.
Tesla Wants to Transform itself Into a Company That Makes Innovative Technologies Accessible to Many People. Accordance to the board, this is only Possible Under Musk’s Leadership. “Retaining and Rewarding Elon is fundamental to Tesla Achieving these goals and Becoming the World’s Most Valuable Company,” Writes the Board of Directors.
If musk achieves all the objectives from the remuneration package, he is entitled to shares that together account for a 12 percent stake in Tesla. Together with the package he already has, he would like that 25 percent of all shares. That gives him more control over The Company, Something He openly Asked for Earlier.
Things are not going well with tesla at the moment. Car Sales Have Plummeted in Many Countries. This is partly due to musk’s political activities. For Example, the Worked for US President Donald Trump for Several Months, which Drew a Lot of Criticism.
Tesla’s Shareholders must Still Approve the Remuneration Proposal for Musk. Some Have Been Critical of Previous Remuneration Packages for Musk In The Past.
For Example, A Shareholder Went to Court to Challenge A Reward of Tens of Billions of Dollars. That legal procedure is not about.
The Earlier Reward for Musk was a Reason for the Dutch Pension Fund ABP to No Longer Invest in Tesla. The Entrepreneur is Already the Richest Person on Earth With An Estimated Fortune of More Than 400 Billion Dollars.