Tesla has unveiled a potential $1 trillion payout for CEO Elon Musk tied to aggressive company targets over the next decade. The package includes twelve share tranches requiring milestones like reaching $2 trillion market valuation and delivering 20 million vehicles. Tesla delivered less than 2 million vehicles in 2024. Additional targets include one million operational robotaxis and delivery of one million artificial intelligence bots. Musk must stay with Tesla at least seven and a half years for partial payouts, and ten years for the full amount. The plan also grants Musk increased voting power. Tesla shareholders will vote on the proposal at their November 6th annual meeting. Last year, investors restored Musk’s $44.9 billion pay package after a Delaware judge initially rejected it. Tesla stock has dropped 25% this year amid political controversies and increased competition. (Newser)
