Elon Musk could be crowned the world's first trillionaire
Tesla CEO Elon Musk could become the world's first trillionaire as the company's board unveiled a new pay package worth $900 billion if he meets challenging targets.
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Tesla's board of directors has approved an extraordinary compensation package for CEO Elon Musk that could potentially make him the world's first trillionaire. The proposed pay package consists entirely of Tesla stock options, with a potential value of $900 billion if specific corporate performance targets are achieved.
This unprecedented compensation plan depends on Tesla meeting ambitious milestones related to market value, revenue, and operational performance. The package reflects the board's confidence in Musk's leadership while attempting to incentivize continued growth and innovation.
If fully realized, this would dramatically increase Musk's wealth and make him the first individual to reach a trillion-dollar net worth. The plan highlights Musk's critical role in Tesla's transformation from a niche manufacturer to a global automotive and technology leader.
Original Article
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