Fri, 05 Sep 2025

Fri, 05 Sep 2025 Tesla proposes $1tn award for Musk if he hits targets

The car firm boss's enormous pay package depends on him hitting sky-high targets.

* Tesla's board proposed a pay package worth over $1tn (£740bn) for CEO Elon Musk, tied to 12 ambitious targets over the next decade.
* The package requires Musk to boost Tesla's value eightfold, sell 1 million AI robots, and sell 12 million more cars, among other goals.
* If achieved, Musk would receive shares worth $1tn, but no salary or bonus.
* Investors are urged to vote in favor of the package, which was proposed after Musk's previous award was struck down by a US court for being "unfair to shareholders".
* Critics say the package is excessive and that Musk should be fighting for his job, not receiving a multi-billion dollar reward.
* Tesla's sales have fallen at their fastest rate in a decade, with some experts attributing this to Musk's "toxic" reputation.
  >>