Reported about 14 hours ago
Tesla has announced a staggering $1 trillion compensation plan for CEO Elon Musk, contingent on increasing the company's market cap from $1.1 trillion to $8.5 trillion and meeting various operational targets. The plan includes granting Musk up to 423.7 million restricted shares based on 12 milestones, with specific goals such as delivering 20 million vehicles and launching robotaxis. Shares will vest after either 7.5 or 10 years depending on the earning period, and the awards will be forfeited if the goals are not achieved or if Musk leaves his executive role.
Source: YAHOO