Why Is Tesla Offering Musk a Sky-High Compensation Package to Keep Him Onboard?
3 day ago / Read about 0 minute
Author:小编   

On last Friday, Tesla's board of directors unveiled a fresh compensation package, subject to shareholder scrutiny. Should it gain approval, Musk stands to accrue an extra 42.37 million Tesla shares over the forthcoming decade. Based on that day's closing price, these shares could potentially be valued at a staggering $148.7 billion. Nonetheless, the package delineates lofty objectives that Musk must accomplish to secure the full bonus. These encompass advancing Tesla's autonomous taxi enterprise and propelling the company's market capitalization from its current standing of roughly $1.1 trillion to a minimum of $8.5 trillion. At the annual shareholder meeting slated for November 6, investors will cast their votes on the ten-year blueprint, which encompasses the compensation pact.