Tesla shareholders to vote on $1tn pay package for CEO Elon Musk

If approved, the CEO will need to octuple Tesla’s value, to $8.5tn in market capitalization, by 2035Tesla shareholders met Thursday to vote on a compensation plan for CEO Elon Musk worth close to $1tn. If approved, the package will demonstrate shareholders’ confidence the billionaire can lead his car company into an era dominated by artificial intelligence and robotics. If denied, Tesla may face the loss of a leader who once made the company name synonymous with electric vehicles.If Musk delivers on the lofty milestones in the pay package laid out at Tesla’s 6 November annual meeting, he could become the world’s first trillionaire. To do so, he’ll need to guide Tesla to $8.5tn in market capitalization, eight times what it’s worth today. He will also be required to deploy millions of autonomous vehicles and humanoid robots and sustain the company’s bottom line in the hundreds of billions over the next decade. Continue reading...