Tesla floats new pay plan for Musk that would expand his voting power
Tesla According to a financial file on Friday, investors ask CEO Elon Musk to approve another big wage plan.
The recommended compensation plan for Musk, the world’s richest individual milestones In the next decade. He would also give Musk a home manufacturer and the willingness of voting on the robotic titan, the willing of his willing to the public since the beginning of 2024.
Tesla President Robyn Denholm said that the plan from CNBC to Andrew Ross Sorkin was designed to “motivate the CEO and focus on delivering for the company”.
“If he does, he hits the super ambitious milestones in the plan, he gets self -esteem – 1% for every half trillion -dollar market value and operational milestones that he has to hit to do.
The full prize will give Musk more than 423 million additional stocks.
Tesla one -day stock graph.
To get the first prize in the plan, Musk and Tesla had to double the current market value to reach $ 2 trillion. The latest criterion reaches a market value of $ 8.5 trillion.
Here are the operational milestones in the 2025 CEO performance award:
- 20 million tesla vehicles were delivered
- 10 million active FSD subscription
- 1 million boots were delivered
- 1 million robotaxis in commercial operation
- 50 billion dollars corrected EBITDA
- 80 billion dollars corrected EBITDA
- 130 billion dollars corrected EBITDA
- 210 billion dollars corrected EBITDA
- 300 billion dollars corrected EBITDA
- 400 billion dollars corrected EBITDA
- 400 billion dollars corrected EBITDA
- 400 billion dollars corrected EBITDA
Musk, aviation and defense contractor SpaceX, boring company, health technology company Neuralink and social network Xai’la combined with an artificial intelligence attempt, including Xai collection.
Tesla also filed on Friday, the November 6 meeting, the shareholders of the company’s newest initiative to invest in Xai’da said to want to vote.
Musk first shifted this idea to the public with an unofficial survey in X last July, and asked Tesla whether Xai had to invest $ 5 billion.
Established in Nevada at the beginning of 2023, Xai merged with Musk’s social network X early this year. The company now runs a large data center in Memphis and plans to create another facility there to train and carry out large language models and a chat boat called Grook.
Payment Plan Discussion
The new payment proposal for Musk comes after Delaware Changer Court decided that last year’s 2018 payment plan was excessive, that the Tesla Council was wrong and that it should be canceled.
In this case, a judge Tornetta / Musk found that Tesla CEO controls the payment negotiations in the automobile manufacturer, and that the board of directors could not vote for the shareholders to vote for the performance -based payment plan.
The case is now on appeal.
