Elon Musk’s Unprecedented Pay Deal at Tesla
Elon Musk, already the world's richest person with a net worth exceeding $400 billion (£306 billion), could become the first trillionaire if Tesla shareholders approve an extraordinary pay package. The proposal would award Musk around 425 million shares, potentially worth about $1 trillion (£760 billion).
Impact on Musk’s Ownership and Control
The deal would increase Musk's stake in Tesla from 15% to nearly 30%, significantly strengthening his control over the company.
Board’s Message to Investors
The Tesla board is actively communicating with retail shareholders through videos and digital advertisements, emphasizing the company's critical juncture.
- Tesla aims to sell millions of cars.
- It strives to lead innovations in robotaxis, AI-driven humanoid robots, and autonomous driving software.
- To achieve these goals, Tesla needs its visionary leader fully motivated and committed.
Elon Musk is already the world's richest man, but today he could take a giant step towards becoming the world's first trillionaire.
The business and economics correspondent Gurpreet Narwan highlights ongoing debate among investors about whether Musk remains a prudent investment amid these ambitious plans.
Author’s summary
Elon Musk’s massive Tesla pay deal risks dividing investors, as it significantly boosts his wealth and control while betting heavily on his vision for the company’s future.