A Trillion Will Come, But Not Soon: Tesla Shareholders Approve Colossal Bonus for Musk Under Certain Conditions

The annual meeting of Tesla investors took place, where a vote was held on whether the CEO and founder of the company Elon Musk deserves an astronomical bonus of 1 trillion dollars.

Analysts and investors were skeptical about the possibility of paying such an amount, but 75% of the company's shareholders supported the proposal, motivating it by saying that Tesla is interested in retaining Musk as the company's leader.

What is Known

The promised trillion dollars (for those not strong in math, we clarify: 1 trillion = a thousand billion or a million million) Musk will only receive in 2035 and only if Tesla under his leadership achieves a number of ambitious goals, including:

• increase in capitalization from $1.5 to 8.5 trillion;
• sale of 20 million electric vehicles;
• shipment of 1 million robots;
• launch of 1 million robotaxis;
• sale of 10 million autopilot subscriptions within three months.

It is assumed that as a reward, Musk will be provided with over 423 million additional shares — this will increase his stake in the company from the current 15% to approximately 25%.

Recall, Musk's current fortune is estimated at $400-450 billion — this already makes him the richest person in the world, and how he will spend a trillion — everyone can fantasize on their own.

Source: Electrek