Tesla’s board has proposed a new pay package for chief executive Elon Musk worth $1tn over the next decade if he is hits a series of formidable targets.
Musk will receive no salary or bonus under the plan unveiled yesterday, but would collect shares in instalments unlocked by increases in Tesla’s market value, alongside milestones including a huge increase in earnings and selling millions of cars, robotaxis and artificial intelligence-powered robots.
“Retaining and incentivising Elon is fundamental to Tesla . . . becoming the most valuable company in history,” chair Robyn Denholm wrote to investors, adding it would “drive peak performance from our visionary leader”.
The board stressed that Musk’s incentives were aligned with investors’ interests and he will receive nothing if Tesla’s growth stalls. But the scale of the package is likely to revive a fierce debate over the earnings of the world’s richest man.
Information
- Show
- FrequencyUpdated daily
- Published9 October 2025 at 23:00 UTC
- Length1 min
- Episode2
- RatingClean