Tesla floats a new payment plan for musk, which would expand his voting power

Timing Investors are required to agree Payment plan For the CEO Elon MuskAccording to the submission of a financial file on Friday.

The proposed compensation plan for Musk, which is already the richest individual in the world, consists of 12 segments of the shares to be granted if Tesla has had some Landmarks During the next decade. It also gives musk voting power on the EV maker and the ambitious robots, which he has Publicly Since early 2024.

Robin Dunholm, President of Tesla, Andrew Ross Sorkin from CNBC, told CNBC that the plan was designed to preserve the CEO “enthusiastic and focus on handing over the company.

“If he performs, if he strikes the ambitious features in the plan, he gets royal rights – he is 1 % per half trillion dollars from the maximum market, in addition to operational features he must hit in order to do so,” Dunholm said in the “Sakuk” boxes, in addition to the operational monuments that he must hit in order to do so.

The full prize will give Musk more than 423 million additional shares. It is currently carrying about 13 % of the company’s share.

To get the first prize in the plan, Musk and Tesla will need almost twice the current market ceiling to reach $ 2 trillion. The final standard reaches the maximum market of $ 8.5 trillion.

The operating landmarks of the 2025 Executive Director’s Award include: 20 million Tesla vehicles, 10 million FSD active subscriptions, 1 million robots were delivered, a million robots in commercial operation and a series of profit standards before benefits, taxes, depreciation and modified consumption.

Musk remains a political involved, while also running a group of companies, including Aerospace and Defense Contractor, Drilling Venture, the boring company, the health tech Neuralink, the artificial intelligence project, XAI, which merged with its social network, X.

Tesla also said in the deposit on Friday that she would ask shareholders at the November 6 meeting to vote on whether the company should invest in the latest project in Musk, Xai.

Musk first put the idea publicly with an informal survey in X last July, asking whether Tesla should invest in $ 5 billion in xi.

Founded in early 2023 in Nevada, Xai merged with the social network of Musk earlier this year. The company is now running a huge data center in Memphis, and plans to build another facility there to help train and operate its large language models and a chat called Grok.