Tesla Unveils $1 Trillion Pay Plan for Elon Musk, Seeking Shareholder Approval

Elon Musk’s proposed pay plan, worth up to $1 trillion, aims to align his incentives with Tesla’s growth trajectory. This ambitious plan utilizes restricted stock awards linked to specific market cap milestones, echoing a similar 2018 initiative but tightened for increased accountability. The plan significantly impacts Tesla stock values and has far-reaching implications for the company’s future direction. Tesla’s board and Elon Musk are behind this proposal, which seeks shareholder support to secure its potential success.