Elon Musk Poised to Become World’s First Trillionaire
A historic vote by Tesla shareholders may award CEO Elon Musk a compensation package potentially making him the world’s first trillionaire.
Details of the Compensation Package
The proposal involves shares and stock options distributed over a decade, significantly expanding Musk’s ownership beyond his current estimated 13% stake in Tesla.
The vote, held in Texas, is among the largest corporate pay decisions ever presented to investors.
Performance-Based Stock Vesting
If approved, Musk would receive stock vesting rights tied to multiple performance milestones, offering compensation that could exceed the GDP of over 170 countries, such as Singapore, Sweden, Norway, and Qatar.
“On Thursday, Tesla shareholders could anoint Elon Musk as the world’s first trillionaire.” – The Atlantic
Company's Strategic Goals
The award depends on Tesla hitting ambitious long-term financial targets aligned with its 10-year plan.
- Market capitalisation target of approximately $8.5 trillion
- Maximum EBITDA generation of up to $400 billion
Tesla emphasizes that Musk’s leadership is vital in reaching these goals.
Author's Summary
The unprecedented Tesla vote could make Elon Musk the first trillionaire, linking his enormous potential wealth directly to achieving aggressive company milestones over the next decade.