Tesla’s board has proposed an unprecedented compensation package for CEO Elon Musk, potentially valued at up to $1 trillion, aiming to elevate the company’s market capitalization to at least $8.5 trillion over the next decade.
According to Bloomberg, the 10-year performance-based plan includes ambitious targets such as expanding Tesla’s robotaxi business and increasing the company’s market value from approximately $1.1 trillion to a minimum of $8.5 trillion.
The agreement also outlines that Musk could receive additional stock awards, potentially bringing his total Tesla holdings to at least 25%. Musk has previously expressed interest in acquiring such a stake.
The plan’s benchmarks are designed to incentivize Musk to lead Tesla for years to come, focusing on growth areas like robotics and artificial intelligence.
As of the latest trading session, Tesla’s stock price stands at $347.13, reflecting a 2.54% increase.
