Tesla Offers Mammoth $1 Trillion Pay Package To Musk, But Only If He Delivers Future Tech Dreams
New Delhi : Tesla’s chief executive, Elon Musk, could be in line for an eye-watering $1 trillion payday if his car and tech empire hits a series of lofty targets over the next decade. The compensation plan is built around a dozen share tranches. To unlock them, Musk must guide Tesla through some almost science-fiction-level milestones.
The roadmap also includes a million self-driving robotaxis in active service and one million humanoid AI bots hitting the market. It’s a vision of Tesla not just as a carmaker, but as a futuristic powerhouse shaping transport and labour itself. However, won’t be able to cash in unless he sticks around. The deal stipulates that he must remain at Tesla for at least seven and a half years to access any stock, and the full 10 years to collect the entire prize.
There’s even a succession clause. The 11th and 12th tranches are conditional upon Musk outlining a credible framework for his eventual replacement as CEO, a detail that may reassure some investors who’ve wondered what Tesla looks like in a post-Musk world.
The company is due to put the package to shareholders at its annual meeting. It comes not long after a stormy June 2024 meeting, where investors reinstated Musk’s earlier record-breaking $44.9 billion pay deal that had been overturned by a Delaware judge.
Still, for all the ambition, the timing is delicate. Tesla’s latest earnings report showed quarterly profits collapsing from $1.39 billion to $409 million, with revenues also down and Wall Street expectations missed. That stumble, combined with Musk’s increasing time spent in Washington as a key figure in Donald Trump’s administration, has rattled confidence in Tesla’s immediate direction.
Despite the turbulence, the company is still expanding. In India, Tesla has just opened its second showroom, the Tesla Experience Centre at Worldmark 3 in Delhi’s Aerocity. Visitors can explore its vehicles and tech up close, marking another step in its push into one of the world’s most promising EV markets, after the debut of its first showroom in July.