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Tesla will pay Elon Musk $1 trillion

Tesla will pay Elon Musk $1 trillion

At the annual congress in Texas, Tesla shareholders approved a $1 trillion reward for the company's co-founder and CEO, Elon Musk. This was reported by The Guardian.

The decision was supported by more than 75% of shareholders. To make money, Musk would need to expand Tesla's robotic taxi production within ten years and increase the company's market value from $1 trillion to at least $8.5 trillion. He will also receive 12% of the company's shares for fulfilling the conditions.

In addition, the entrepreneur must bring the company's real profit to $400 billion for four consecutive quarters. For comparison: in the III quarter of 2025, this figure will be $4.2 billion.

True, Musk doesn't receive salaries or bonuses during hard work. Nevertheless, if a businessman performs well and receives a one-time payment, he can become the world's first trillionaire with a fortune of $2 trillion.

The publication notes that Musk's compensation amount is comparable to the market turnover of entire countries and exceeds the GDP of Ireland, Sweden, and Argentina.

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News » World » Tesla will pay Elon Musk $1 trillion