Tesla offers an Elon Musk payment package 1 trillion dollars

Tesla Board of Directors A new compensation plan for the CEO of Elon Musk has suggested a value of $ 1 trillion, on the occasion of what will be the largest wage package for an executive director in history.

The Musk Council’s proposal, which is already the richest person in the world, will be given up to 12 % of Tesla shares, at a value of about $ 1 trillion, if the auto manufacturing company reaches aggressive targets such as 8.5 trillion dollars in addition to other operating features over 10 years. The current market value of the company is about $ 1.1 trillion.

Musk currently has about 13 % of the distinctive Tesla shares. The proposed prize comes in form Granting restricted stocks, Which means that he cannot sell it immediately.

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“We believe that the individual vision of Elon is vital to mobility, this is the point of embarrassment. We are also aware of the tremendous nature of this pledge, and as a result, the importance of having a leader is not ready and able to only face this challenge,” said Robin Dunholm, President of Tesla in a letter to investors.

Dunholm said that “maintaining and motivating Elon’s motivation and motivation is essential in achieving these goals and becomes the most valuable companies in history.”

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The Board of Directors also argued that although Musk directed Tesla during a period of growth, it witnessed more than 20 times the market value since March 2018, he had not received a “useful compensation” of his work since 2017, when he ended the goals of the 2012 payment plan.

However, the Musk payment plan is not only linked to the market value of Tesla, but also for ambitious commercial and financial goals such as providing 20 million Tesla vehicles by 2035 and firing 1 million robots in commercial service.

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Tesla will also need to reach $ 400 billion from the modified Ebitda, an important achievement since Tesla achieved $ 16.6 billion in 2024.

Tesla shares rose on Friday morning after the publication of the organizational deposit.

Musk says he will remain the CEO of Tesla in the coming years

This comes shortly after Tesla Musk granted a new deal worth $ 29 billion in the past month aimed at keeping the billionaire businessman at the head of the company, as Pivots was from its troubled electrical business to robotics and human robots.

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The company described the “temporary prize”, which includes 96 million new shares as a “good -intention” batch to honor a package of more than $ 50 billion from 2018, which was issued by the Dillauer Court last year.

index	protection	last	Changing	% Change
Timing	Tesla Inc.	338.53	+4.44	+1.33 %

According to the conditions of this award, Musk can claim shares if it remains Senior executives in Tesla For another two years and the court does not return the 2018 package, which is currently appealing.

But even before that temporary prize, Musk announced in May that he was planning to stay the leader of the electric vehicle giant in the coming years.

Eric Rafeel in Fox Business contributed to this report.