To receive full compensation, Mr. Musk must help Tesla achieve a series of ambitious goals such as producing 20 million electric cars, deploying 1 million self-driving taxis and selling 1 million robots in the next decade.
Shareholders of electric car maker Tesla on November 6 voted in favor of a huge compensation package for CEO Elon Musk, which could reach $1,000 billion, to ensure he continues to lead the company as it develops breakthrough technologies in artificial intelligence (AI) and robotics.
Tesla shares rose more than 3% in after-hours trading after the vote. Shareholders also re-elected three board members and approved a plan to replace Mr. Musk’s old compensation package, which has been stalled by litigation in Delaware.
According to analysts, this result is a positive signal for Tesla shares, although the brand's reputation has been somewhat affected by Musk's controversial political statements.
The fact that he was allowed to exercise all of his voting rights, equivalent to 15% of the shares, after Tesla moved its headquarters to Texas, also helped the plan pass despite opposition from several major investors, including Norway's sovereign wealth fund.
Tesla’s board had warned that Mr. Musk could leave the company if the compensation package was not approved. The vote is expected to help reassure investors concerned about his splitting focus between Tesla, aerospace company SpaceX, and artificial intelligence company xAI.
According to the plan, to receive full compensation, Mr. Musk must help Tesla achieve a series of ambitious goals such as producing 20 million electric cars, deploying 1 million self-driving taxis and selling 1 million robots in the next decade, with core profits of up to 400 billion USD.
The company's market capitalization would also have to increase from its current level of around $1.5 trillion to $2 trillion, and aim for $8.5 trillion.
Under the new plan, Musk could receive up to $878 billion in Tesla stock over 10 years. The maximum $1 trillion would only be reached if he met all of the targets and returned some of the stock value to the company./.
Source: https://baolangson.vn/co-dong-tesla-phe-chuan-goi-luong-1-000-ty-usd-cho-ceo-elon-musk-5064231.html
![[Photo] Da Nang: Hundreds of people join hands to clean up a vital tourist route after storm No. 13](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/11/07/1762491638903_image-3-1353-jpg.webp)
Comment (0)