Tesla Ties Musk Pay to $8.5 Trillion Value and 20 Million EVs
Updated
Updated · The Motley Fool · Aug 3
Tesla Ties Musk Pay to $8.5 Trillion Value and 20 Million EVs
3 articles · Updated · The Motley Fool · Aug 3
Summary
$8.5 trillion in market value is the top hurdle in Tesla’s new compensation plan, which could grant Elon Musk up to nearly 424 million shares over 10 years.
35.3 million shares would vest at the first $2 trillion milestone, but larger awards also require operating targets including 20 million EVs, 1 million AI robots and 1 million robotaxis.
$400 billion in annual adjusted EBITDA is needed for a large portion of the package, with eligibility starting at $50 billion; Tesla generated just under $15 billion last year.
Tesla’s current market value is just under $1 trillion, and Musk must still hold an approved executive role when vesting occurs for the stock awards to stick.