In a landmark moment, Elon Musk has secured shareholder approval for a pay plan that could grant him stock worth $1 trillion, paving his way towards becoming the first trillionaire. Over 75% of Tesla shareholders voted in favor during a recent meeting, despite intense scrutiny over Musk's management and Tesla's recent challenges, including falling sales and market share. This ambitious plan calls for Musk to achieve several challenging performance benchmarks within the next decade, including increasing Tesla's market value nearly six times and delivering 20 million vehicles, alongside rolling out over a million humanoid robots. Critics have voiced concerns about the excessive nature of the pay package and Musk's recent controversial antics, but supporters argue the incentives are necessary for steering Tesla towards a bold future in artificial intelligence and automation.
Elon Musk's Path to Trillionaire Status: New Tesla Pay Plan Approved
In a shareholder vote, Elon Musk's ambitious pay plan was approved, potentially making him the world's first trillionaire. The plan requires him to meet several daunting challenges over the next decade.
Elon Musk has won a significant vote that could see him become the first trillionaire if he meets ambitious performance targets over the next decade. Despite controversies surrounding his leadership and recent declines in Tesla's sales, more than 75% of shareholders backed his new stock package. The plan demands that Musk increase Tesla’s market value nearly sixfold and deliver millions of vehicles, alongside deploying his promised 'robot army'—a bold step toward transforming the company and pushing the boundaries of technology.
