Tesla’s shareholder meeting was held this week at its headquarters in Austin, Texas, with over 75% of shareholders voting in favor of granting CEO Elon Musk a stock incentive plan totaling up to $1 trillion.
This compensation plan is known as the largest personal equity incentive in history, and if successfully implemented, Musk will become the first billionaire in human history with a net worth exceeding $1 trillion.
But it’s not easy to get this sky high salary. According to the performance targets set by Tesla’s board of directors, Musk needs to achieve the following goals within the next 10 years: increase Tesla‘s market value by nearly 6 times; Accumulated delivery of 20 million electric vehicles (more than twice the total since the establishment of the company); Deploy over 1 million Optimus humanoid robots.
Despite Tesla’s recent significant decline in sales, market share, and profits, investors still overwhelmingly support Musk, demonstrating his high level of trust among shareholders.
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