{"id":832,"date":"2025-09-05T12:30:21","date_gmt":"2025-09-05T12:30:21","guid":{"rendered":"https:\/\/www.sterlingcooper.info\/blog\/?p=832"},"modified":"2025-09-05T12:30:21","modified_gmt":"2025-09-05T12:30:21","slug":"1-trillion-pay-package-for-musk","status":"publish","type":"post","link":"https:\/\/www.sterlingcooper.info\/blog\/1-trillion-pay-package-for-musk\/","title":{"rendered":"$1 TRILLION PAY PACKAGE FOR MUSK!!!!"},"content":{"rendered":"<div class=\"article-header css-2u0xl7 e129c7hm5\">\n<div class=\"css-j6808u e1oaw0qc12\">\n<div class=\"crawler css-1skj0ht-Box e1vnmyci0\">\n<div class=\"css-bsrkcm-Box e1vnmyci0\">\n<h1 class=\"css-1vi6b05-StyledHeadline-Styled-Styled-Styled emwm06f0\">Tesla Board Proposes Musk Pay Package Worth as Much as $1 Trillion Over Decade<\/h1>\n<\/div>\n<h2 class=\"css-d3ge02-NormalDek-NormalDek-Styled-Styled-Styled emwm06f0\">CEO would receive shares in tranches dependent on milestones including $8.5 trillion market cap<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<section class=\"ef4qpkp0 css-18vr9e2-Container e1oaw0qc0\">\n<div class=\"media-layout css-13plya0-Layout-baseCss ertdlv30\" data-type=\"image\" data-inset_type=\"\" data-sub_type=\"\" data-layout=\"inline\">\n<figure class=\"css-x5rdl7-Figure ebruzsj0\"><picture class=\"css-u314cv\"><img loading=\"lazy\" decoding=\"async\" class=\"css-1hzqsjo\" src=\"https:\/\/images.wsj.net\/im-18495546?width=700&amp;height=468\" sizes=\"auto, (max-width: 639px) 100vw, (max-width: 979px) 620px, (max-width: 1299px) 540px, 700px\" srcset=\"https:\/\/images.wsj.net\/im-18495546?width=540&amp;size=1.495 540w, https:\/\/images.wsj.net\/im-18495546?width=620&amp;size=1.495 620w, https:\/\/images.wsj.net\/im-18495546?width=639&amp;size=1.495 639w, https:\/\/images.wsj.net\/im-18495546?width=700&amp;size=1.495 700w, https:\/\/images.wsj.net\/im-18495546?width=700&amp;size=1.495&amp;pixel_ratio=1.5 1050w, https:\/\/images.wsj.net\/im-18495546?width=700&amp;size=1.495&amp;pixel_ratio=2 1400w, https:\/\/images.wsj.net\/im-18495546?width=700&amp;size=1.495&amp;pixel_ratio=3 2100w\" alt=\"Elon Musk at Trump's inauguration.\" width=\"700\" height=\"468\" \/><\/picture><\/figure>\n<p><span class=\"e1m33gv80 css-426zcb-CaptionSpan e1m33gv81\">The proposed pay deal for Elon Musk is set to go to a shareholder vote in early November.<\/span> <span class=\"css-7jz429-Credit eq0esvu0\">Photo: chip somodevilla\/Reuters<\/span><\/div>\n<div class=\"media-layout css-13plya0-Layout-baseCss ertdlv30\" data-type=\"inset\" data-inset_type=\"ai_summary_bullets\" data-sub_type=\"\" data-layout=\"inline\">\n<div class=\"css-15uf6ki\"><\/div>\n<\/div>\n<\/section>\n<div id=\"nk-1-content\" class=\"css-goxws4\" role=\"region\" aria-labelledby=\"nk-1-control\" data-testid=\"accordion-content\">\n<div class=\"css-176uobr\" aria-disabled=\"true\">\n<ul class=\"css-17pafyp\" role=\"list\">\n<li class=\"css-czt13m\">\n<p class=\"css-1ese8zm\">Tesla\u2019s board asks investors to approve a new pay package for Elon Musk, potentially worth $1 trillion over 10 years.<\/p>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<ul>\n<li class=\"css-czt13m\">\n<p class=\"css-1ese8zm\">The maximum payout, a 12% stake, hinges on Tesla reaching an $8.5 trillion market cap and other business goals.<\/p>\n<\/li>\n<li class=\"css-czt13m\">\n<p class=\"css-1ese8zm\">Shareholders will vote Nov. 6 on the proposal, which could raise Musk\u2019s stake to 29% and boost his voting power.<\/p>\n<\/li>\n<\/ul>\n<div class=\"css-1oteowz\">\n<div class=\"nk-accordion-exit-done css-84bues\" data-testid=\"panel-transition-container\">\n<div id=\"nk-1-content\" class=\"css-goxws4\" role=\"region\" aria-labelledby=\"nk-1-control\" data-testid=\"accordion-content\">\n<div class=\"css-176uobr\" aria-disabled=\"true\">\n<p class=\"css-iucaq9\">An artificial-intelligence tool created this summary, which was based on the text of the article and checked by an editor. <a class=\"css-1awxlyl\" tabindex=\"-1\" href=\"https:\/\/www.wsj.com\/news\/author\/wsj-artificialintelligencetools\">Read more <\/a>about how we use artificial intelligence in our journalism.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<ul class=\"css-17pafyp\" role=\"list\">\n<li class=\"css-czt13m\">\n<div class=\"css-1vml22h\">\n<div class=\"css-c83my8\">Tesla\u2019s board asks investors to approve a new pay package for Elon Musk, potentially worth $1 trillion over 10 years.<\/div>\n<p>board is asking investors to approve a new pay package for Chief Executive <a class=\"ekxajjj0 css-i0lbhy-OverridedLink\" href=\"https:\/\/www.wsj.com\/topics\/person\/elon-musk\" target=\"_blank\" rel=\"noopener\" data-type=\"person\">Elon Musk<\/a> that could be worth as much as $1 trillion over the next decade.<\/div>\n<\/li>\n<\/ul>\n<div class=\"paywall css-1u1nl00-PaywalledContentContainer e1qcjy9n0\">\n<p class=\"css-1akm6h5-Paragraph e1e4oisd0\" data-type=\"paragraph\">The proposed arrangements could see Musk, already the world\u2019s wealthiest individual, awarded various installments of shares dependent on Tesla hitting a series of milestones, according to a financial filing published Friday.<\/p>\n<p class=\"css-1akm6h5-Paragraph e1e4oisd0\" data-type=\"paragraph\">The maximum payout would represent a 12% stake in the company, contingent on milestones including Tesla reaching a market capitalization of $8.5 trillion. At that market value, such a stake would be worth slightly more than $1 trillion. Tesla\u2019s current market value is just over $1 trillion.<\/p>\n<p class=\"css-1akm6h5-Paragraph e1e4oisd0\" data-type=\"paragraph\">\u201cRetaining and incentivizing Elon is fundamental to Tesla\u2026becoming the most valuable company in history,\u201d Tesla Chair Robyn Denholm said in a letter to investors. The package was \u201cdesigned to align extraordinary long-term shareholder value with incentives that will drive peak performance from our visionary leader.\u201d<\/p>\n<p class=\"css-1akm6h5-Paragraph e1e4oisd0\" data-type=\"paragraph\">The proposal would lift Musk\u2019s stake in the electric-vehicle maker to as much as 29% if all of the targets are met, according to the filing, also boosting his voting power.<\/p>\n<p class=\"css-1akm6h5-Paragraph e1e4oisd0\" data-type=\"paragraph\">Tesla shares rose 2% in premarket trading Friday.<\/p>\n<div class=\"media-layout css-13plya0-Layout-baseCss ertdlv30\" data-type=\"image\" data-inset_type=\"\" data-sub_type=\"\" data-layout=\"inline\">\n<figure class=\"css-x5rdl7-Figure ebruzsj0\"><picture class=\"css-u314cv\"><img loading=\"lazy\" decoding=\"async\" class=\"css-1hzqsjo\" src=\"https:\/\/images.wsj.net\/im-52525542?width=700&amp;height=466\" sizes=\"auto, (max-width: 639px) 100vw, (max-width: 979px) 620px, (max-width: 1299px) 540px, 700px\" srcset=\"https:\/\/images.wsj.net\/im-52525542?width=540&amp;size=1.501 540w, https:\/\/images.wsj.net\/im-52525542?width=620&amp;size=1.501 620w, https:\/\/images.wsj.net\/im-52525542?width=639&amp;size=1.501 639w, https:\/\/images.wsj.net\/im-52525542?width=700&amp;size=1.501 700w, https:\/\/images.wsj.net\/im-52525542?width=700&amp;size=1.501&amp;pixel_ratio=1.5 1050w, https:\/\/images.wsj.net\/im-52525542?width=700&amp;size=1.501&amp;pixel_ratio=2 1400w, https:\/\/images.wsj.net\/im-52525542?width=700&amp;size=1.501&amp;pixel_ratio=3 2100w\" alt=\"Tesla robotaxi driving on a city street.\" width=\"700\" height=\"466\" \/><\/picture><\/figure>\n<p><span class=\"e1m33gv80 css-426zcb-CaptionSpan e1m33gv81\">Among the proposed goals is a major expansion of Tesla\u2019s robotaxi service, which is currently available in Austin.<\/span> <span class=\"css-7jz429-Credit eq0esvu0\">Photo: joel angel juarez\/Reuters<\/span><\/div>\n<p class=\"css-1akm6h5-Paragraph e1e4oisd0\" data-type=\"paragraph\">In addition to market-cap milestones, payouts would depend on Musk hitting business and financial targets. These include delivering 20 million Tesla vehicles and a million robots, as well as putting a million robotaxis into commercial operation. A fourth product goal is for Tesla to secure 10 million subscribers for its Full Self Driving service.<\/p>\n<p class=\"css-1akm6h5-Paragraph e1e4oisd0\" data-type=\"paragraph\">The most challenging financial goal is for Tesla to generate $400 billion of adjusted earnings before interest, taxes, depreciation and amortization. It reported $16.645 billion in adjusted Ebitda for 2024.<\/p>\n<p class=\"css-1akm6h5-Paragraph e1e4oisd0\" data-type=\"paragraph\">The filing also included a shareholder proposal for Tesla to invest in Musk\u2019s artificial-intelligence startup, xAI. Musk has repeatedly mobilized his business empire to boost xAI, with SpaceX agreeing in July to invest $2 billion in it. Tesla\u2019s board didn\u2019t offer a recommendation on how investors should vote.<\/p>\n<p class=\"css-1akm6h5-Paragraph e1e4oisd0\" data-type=\"paragraph\"><a class=\"ekxajjj0 css-i0lbhy-OverridedLink\" href=\"https:\/\/www.wsj.com\/tech\/elon-musk-floats-a-new-source-of-funding-for-xai-tesla-47eec67e?mod=article_inline\" target=\"_blank\" rel=\"noopener\" data-type=\"link\">Musk floated the idea in July<\/a>, writing on his social-media platform X: \u201cIf it was up to me, Tesla would have invested in xAI long ago.\u201d<\/p>\n<p class=\"css-1akm6h5-Paragraph e1e4oisd0\" data-type=\"paragraph\">Shareholders are due to vote on the proposals on Nov. 6.<\/p>\n<p class=\"css-1akm6h5-Paragraph e1e4oisd0\" data-type=\"paragraph\">Tesla didn\u2019t immediately respond to requests for comment Friday.<\/p>\n<p class=\"css-1akm6h5-Paragraph e1e4oisd0\" data-type=\"paragraph\">Musk\u2019s 2018 pay deal was struck down by a Delaware judge, who said the process was deeply flawed and criticized the company\u2019s board for a lack of transparency.<\/p>\n<p class=\"css-1akm6h5-Paragraph e1e4oisd0\" data-type=\"paragraph\">Tesla\u2019s directors said the then-record stock-option deal, which amounted to more than $55 billion in compensation, was necessary to keep Musk focused on the carmaker amid a slump in sales and increased competition from overseas. He has run the company without a pay package since then, though last month the Tesla board approved a stock award for Musk that it tentatively <a class=\"ekxajjj0 css-i0lbhy-OverridedLink\" href=\"https:\/\/www.wsj.com\/business\/autos\/tesla-approves-ceo-musk-pay-package-7c75a7bf?mod=article_inline\" target=\"_blank\" rel=\"noopener\" data-type=\"link\">valued at $23.7 billion<\/a>.<\/p>\n<p class=\"css-1akm6h5-Paragraph e1e4oisd0\" data-type=\"paragraph\">Besides Tesla, Musk oversees xAI, SpaceX, Neuralink, X and the Boring Company.<\/p>\n<p class=\"css-1akm6h5-Paragraph e1e4oisd0\" data-type=\"paragraph\">In recent years, some Tesla investors started to question the CEO\u2019s commitment to the company, as Musk dedicated more of his time and energy to political causes. In 2022, he completed a $44 billion takeover of Twitter. Musk, a self-described \u201cfree speech absolutist,\u201d spent an increasing amount of time posting on the platform.<\/p>\n<p class=\"css-1akm6h5-Paragraph e1e4oisd0\" data-type=\"paragraph\">Musk later cozied up to President Trump, donating vast sums to his election campaign and eventually acting as a close White House adviser.<\/p>\n<p class=\"css-1akm6h5-Paragraph e1e4oisd0\" data-type=\"paragraph\">That relationship <a class=\"ekxajjj0 css-i0lbhy-OverridedLink\" href=\"https:\/\/www.wsj.com\/politics\/policy\/elon-musk-trump-bromance-fight-40ca745c?mod=article_inline\" target=\"_blank\" rel=\"noopener\" data-type=\"link\">eventually soured<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tesla Board Proposes Musk Pay Package Worth as Much as $1 Trillion Over Decade CEO would receive shares in tranches dependent on milestones including $8.5 trillion market cap The proposed pay deal for Elon Musk is set to go to a shareholder vote in early November. Photo: chip somodevilla\/Reuters Tesla\u2019s board asks investors to approve [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-832","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/posts\/832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/comments?post=832"}],"version-history":[{"count":1,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/posts\/832\/revisions"}],"predecessor-version":[{"id":833,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/posts\/832\/revisions\/833"}],"wp:attachment":[{"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/media?parent=832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/categories?post=832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/tags?post=832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}