Tesla CEO has dismissed critics of the shareholder-backed plan as “corporate terrorists”
Tesla shareholders have approved an unprecedented compensation package for CEO Elon Musk, potentially worth up to $1 trillion over the next decade if ambitious performance targets are met.
Under the plan, Musk could receive approximately 423.7 million Tesla shares in 12 separate tranches, each contingent on achieving milestones such as the delivery of 20 million electric vehicles, the deployment of 1 million robotaxis, and reaching $400 billion in EBITDA and an $8.5 trillion market cap.
Tesla Chair Robyn Denholm warned in recent shareholder correspondence that the company risks losing Musk’s “time, talent, and vision” if the plan were rejected.
While more than 75% of votes reportedly backed the package, significant institutional opposition remains. Norway’s sovereign wealth fund – the largest pension-pool investor in Tesla – publicly rejected the deal, citing concerns over dilution, “key-person risk,” and board independence.
Disclaimer : This story is auto aggregated by a computer programme and has not been created or edited by DOWNTHENEWS. Publisher: rt.com
