Key Facts
• On September 5, Tesla proposed a $1 trillion (approx. ¥148 trillion) compensation plan for Elon Musk.
• The plan aims to retain Musk as Tesla’s CEO and will be presented at the November 6 shareholder meeting.
• The 10-year plan includes performance metrics like increasing Tesla’s market cap from $1 trillion to $8.5 trillion.
• Other goals include deploying 1 million robotaxis.
• If all targets are met, Musk’s compensation could reach $1 trillion.
• Musk’s current net worth is $378 billion, making him the world’s richest person.
• Achieving the plan could make Musk the first individual with a $1 trillion net worth.
• A previous $56 billion compensation plan for Musk was invalidated by a Delaware court in December 2024.
• Tesla’s board seeks to prevent Musk from focusing too much on his other ventures, such as SpaceX, xAI, and X (formerly Twitter).
Summary
Tesla has proposed a groundbreaking $1 trillion compensation plan to retain Elon Musk as CEO. The plan, spanning 10 years, ties rewards to ambitious goals, including raising Tesla’s market cap to $8.5 trillion and deploying 1 million robotaxis. If successful, Musk’s net worth could surpass $1 trillion, a global first. This proposal follows a previous $56 billion plan invalidated by a U.S. court. Tesla’s board aims to ensure Musk prioritizes Tesla over his other ventures, such as SpaceX and X. The plan will be voted on at the November 6 shareholder meeting.
