Tesla Board Offers Elon Musk Trillion-Dollar Deal for Operational Milestones
Tesla's board offers Elon Musk a potential trillion-dollar compensation package as the company aims to achieve significant milestones and market cap targets. Musk could become the first trillionaire if Tesla reaches these goals, including a market cap of $2 trillion.
The plan involves granting Musk 100 million restricted shares in 12 equal tranches based on operational achievements and market cap milestones. Experts suggest Musk may need to step down as CEO to receive the full award.
The plan also includes targets like launching a robotaxi service and increasing profits. This move is part of Tesla's CEO succession plan and aims to drive the company's growth further.
Plus234Feed summary based on reporting from Legit NG. Read the original report below.
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