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2025September › 05

Tesla

10 months ago

The billionaire, already the world's richest man, will receive the equivalent of £740billion if the electric car giant hits certain targets over the next decade.
The compensation would be delivered in shares and tied to performance milestones set by the Tesla board over 10 years.
The car firm boss's enormous pay package depends on him hitting sky-high targets.
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CEO will have to increase the value of his electric car company from just over $1tn to $8.5tn over 10 years

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Musk would need to hit a series of market value, profit and operational milestones to earn mega-payout

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Tesla will also ask shareholders to vote on whether the automaker should invest in Musk's artificial intelligence company, xAI.
Billionaire would need to hit a series of market value and profit goals to earn payout
German auto giant BMW is doubling down on its brand value as it prepares to roll out a fleet of software-controlled electric vehicles.

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