Tesla offers pay package to CEO Elon Musk that could be worth up to $1 trillion
Source: CBSNEWS
September 5, 2025 / 8:05 AM EDT
Tesla's board is asking shareholders to approve a new pay package for CEO Elon Musk that could be worth up to $1 trillion in a decade, representing one of the richest compensation packages in corporate history.
According to a regulatory filing published Friday, the electric car maker's board wants to award Musk about 423 million shares, which today have a value of $143 billion, if the company hits certain profitability, production and market capitalization milestones.
To earn the full pay package, Tesla would have to reach a market cap of $8.5 trillion about eight times its current value in 10 years. At that level, the stock awarded to Musk would be worth more than $1 trillion.
The entrepreneur's previous compensation has drawn legal challenges. In 2018, Tesla investors filed a lawsuit challenging Musk's $56 billion pay package, alleging that he and the company's board had breached their fiduciary duties. In December, a Delaware judge ordered the company to revoke that award.
Read more: https://www.cbsnews.com/news/elon-musk-tesla-new-compensation-pay-package-1-trillion/?linkId=857816776
UpInArms
(55,378 posts)Eloonatic is not worth a three dollar bill.
mdbl
(8,755 posts)Or do anything else to support this greedy asshole including any of his online crap like X, etc.
Buddyzbuddy
(2,911 posts)I thought the board was supposed to do what's best for stockholders, not a stockholder? In spite of being the largest stockholder. Without Leon, the stock price should rise, shouldn't it?
bronxiteforever
(11,212 posts)Who spent their lives in service of ourCountry. Tell me again how the GOP loves America?
Bengus81
(10,372 posts)Those shareholders can't be that stupid can they?
angrychair
(12,514 posts)That's it. It's not the money in itself, it's that the power and influence of billionaires, all billionaires, is antithetical to a normal, functioning society.
Down with all billionaires.
LiberalArkie
(19,919 posts)they have nor the money. And we would probably be on the moon, have a real national health care system and an eductional system like Europe.
RainCaster
(13,888 posts)... because of what this clown did with his DOGE actions. Why is the Tesla board rewarding him when they should be firing him?
LudwigPastorius
(15,007 posts)...because they know that a huge part of the value of Tesla stock is based on Elon's continuous spew of hyped bullshit.
If they fired him and hired a non-drug-addled CEO with an engineering background, who wasn't a Nazi, the price of Tesla stock would plummet to where it should be based on the company's earnings.
groundloop
(13,914 posts)That a company can afford to pay a CEO that much money tells me that they're overcharging their customers and severely underpaying their employees. Totally messed up.
Nigrum Cattus
(1,356 posts)No one is worth that, no one
OnlinePoker
(6,149 posts)With the reduction/elimination of subsidies, you're going to see a large reduction in the number of EVs sold and Tesla's brand is tarnished due to Elon, so they won't be selling anywhere near what they used to.
travelingthrulife
(5,580 posts)likely help them a lot. He is still getting subsidies as his needs were met. Lots of work-arounds for good old Elon.
Martin68
(28,072 posts)Queso Delicioso
(209 posts)Kid Berwyn
(25,109 posts)Two trillion bucks, easy.

Mr. Sparkle
(3,725 posts)popsdenver
(2,628 posts)humiliate Trump, and everyone else, to being the world's first Trillionaire?????
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