Synopsis
Elon Musk, the head of Tesla and SpaceX, might become the first trillionaire. He could receive a massive compensation from Tesla if the company meets growth targets. These targets include increasing market value and producing many vehicles, robotaxis, and robots. Musk must stay as CEO for many years to get the full payment.
The staggering compensation package stands to make the richest man in the world even richer. The package will be effective if Tesla expands its market capitalisation from around $1.1 trillion to $8.5 trillion.
The targets also include delivering 20 million vehicles annually, having one million robotaxis in operation, and producing one million AI humanoid robots within 10 years. Musk must remain CEO for at least 7.5 years to start vesting and 10 years for full payout.
What can put the enormity of this pay package in context is that 91% of all the nations in the world have a gross domestic product (GDP) less than $1 trillion.
ETtech
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