Jump to content

Recommended Posts

Posted

approve Elon Musk’s historic $1 trillion pay package — here’s when he could pocket the windfall

Tesla shareholders approved an epic $1 trillion pay package for Elon Musk on Thursday – after the mercurial boss threatened to leave the company if he didn’t get it.

The eye-popping compensation is the largest on record and could make Musk the world’s first trillionaire — although he’ll first have to hit a series of performance targets that stretch across the next decade. The 54-year-old is already the world’s richest person with a fortune of $490.1 billion, according to Forbes.

Stock will be awarded to Musk in a set of 12 tranches. He would receive his first round of stock if Tesla hits a $2 trillion valuation and delivers 20 million vehicles. He gets another tranche if Tesla reaches a market capitalization of $3 trillion and delivers 1 million of its “Optimus” humanoid robots.

If Tesla scales all of the hurdles, its market value would explode to $8.5 trillion, with Musk owning about a quarter of the company’s shares.

Posted
25 minutes ago, Sucker said:

Kontha mandhi vuntaru like @perugu_vada @r2d2

kaani-konthamandhi-vunnaru-yenduku-gif.g

 

 

naa lantollu unna okate lekunna okate baa. ee roju ki aa roju tikhana kottalsinde. no luck since childhood.

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...