It doesn‘t come for free!
Incredible package approved, BUT to get it, he must:
👉🏻 Bring Tesla’s market cap above $8.5 trillion (6x) until 2035 👉🏻 Put 1 million robotaxis into operation 👉🏻 Sell 1 million humanoid robots 👉🏻 Reach 10 million Full Self-Driving (FSD) subscriptions 👉🏻 Deliver 20 million vehicles per year 👉🏻 Stay at Tesla for at least ~10 more years
Each milestone reached = a new stock tranche.
To me that sounds like a win-win-deal if he really achieves all of this. The shareholders will get extraordinary returns, the company will thrive and Elon Musk will get an extraordinary salary - step by step.
More than 75% of the shares/shareholders voted for the package as was reported. The exact results are not available yet but it was published, that one of the voters against was the Norwegian Souverign Wealth Fund, who holds about 1% of the Tesla shares.
What do you think guys? I find the 1T huge but the goals are as well.
