Photo: reuters.com
Musk's Tesla package pays him billions even if he misses 'Mars-shot' goals
Elon Musks new pay package from Tesla, Inc. could earn him $878 billion over ten years, despite requiring Mars-shot milestones for achievement, raising investor confidence.
- In September, Tesla, Inc. approved a historic executive pay package for Elon Musk, potentially worth $878 billion, making it the largest in corporate history.
- The compensation plan demands that Elon Musk reach ambitious performance targets, referred to as Mars-shot milestones, to realize the full value of the stock awards.
- Despite the high goals, the structure of the deal ensures that Elon Musk will accrue significant financial benefits even if he fails to meet all performance criteria.
Why It Matters
This unprecedented compensation structure for Elon Musk at Tesla, Inc. highlights the growing trend of performance-based executive pay, which could influence corporate governance and investor expectations across industries.