Tesla said it needs to offer Elon Musk a record-breaking compensation plan to keep his focus on the company as his private ventures, according to Benzinga. Tesla’s proxy outlines a potential $1 trillion share award for Elon Musk, arguing it is needed to keep his focus as SpaceX and xAI now make up most of his wealth. According to a proxy filed last week, the proposed award of up to 423.7 million shares could be worth $1 trillion if fully realized. Tesla argued the package is necessary to prevent Musk from prioritizing other businesses, noting his stakes in SpaceX and xAI are now worth nearly twice his Tesla holdings. Shareholders must approve the plan, which would give Musk significant additional control as Tesla develops advanced AI and robotics.
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Tesla Seeks $1 Trillion Musk Pay To Compete With SpaceX And xAI Stakes Now Worth Twice His Tesla Shares
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