Tesla on Friday announced a new $1 trillion share compensation package for CEO Elon Musk, as the company prepares for it to be voted on by shareholders It'll happen on one condition (Image: Kevin Dietsch, Getty Images)
Elon Musk, the CEO of Tesla, could be in line for a staggering $1 trillion bonus if his electric car company meets a series of ambitious targets over the next ten years, according to documents released by the firm. In a regulatory filing on Friday, Tesla, which is heavily investing in robotics and AI, detailed a package consisting of twelve share tranches.
These rewards are contingent on Musk achieving goals ranging from car production to the overall value of the company within this timeframe. Early targets in the plan require Tesla to reach a market valuat