"The scheme is a key component of the electric-car manufacturer's road map for its next 10 years: Ahead of Tesla's annual general meeting in November, the board is proposing that if Musk carries the company to an $8.5 trillion valuation-well beyond what any other firm is worth right now-and meets certain operational milestones, he gets a bundle of stock that would be worth about $900 billion at those prices."
"Not only does Musk own several companies that are not Tesla (Neuralink, The Boring Company, xAI and its subsidiary X, and SpaceX and its subsidiary Starlink), two of which he is chief executive of; not only did he take on (and then explosively depart) a prominent advisory role in the Trump administration; not only does he spend days and nights sharing his far-right political views on social media."
Tesla's board proposes a multiyear compensation plan that would grant Elon Musk a bundle of stock worth about $900 billion if Tesla reaches an $8.5 trillion valuation and meets specific operational milestones. If shareholders approve and Musk succeeds, the award would equal more than 80 percent of Tesla's current market value and could make him a trillionaire. Musk owns multiple other companies—Neuralink, The Boring Company, xAI and X, SpaceX and Starlink—and holds leadership roles at several. Musk has taken political advisory roles and posts frequent far-right commentary on social media, while acknowledging that Tesla faces "rough quarters."
Read at The Atlantic
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