Elon Musk May Get $1 Trillion Tesla Pay Package by 2035
Tesla has announced a new pay deal for CEO Elon Musk. If Tesla reaches very tough goals over the next ten years, Musk could receive up to $1 trillion, the biggest pay package in history.
The plan includes 12 parts of stock rewards. Musk will only get them if Tesla reaches certain targets, such as producing more cars and growing the company’s value.
One of the main goals is for Tesla to reach a $2 trillion market value. Another big target is producing 20 million cars each year. In 2024, Tesla delivered fewer than 2 million cars, so the company would need huge growth to meet this goal.
Tesla is also focusing more on robotics, artificial intelligence, and energy solutions. If the company succeeds, Musk’s payout would set a record and show how much Tesla has expanded.
This plan highlights how ambitious Tesla’s future plans are and how much depends on reaching those targets.