Tesla’s board offers Musk $1 trillion to stay focused
Tesla’s board is betting $1 trillion that Musk can trade side quests for routine. The fall vote will test if investors actually buy it
On Friday, Tesla’s board proposed the kind of “stay in your seat, build the company” incentive that reads a little like a love letter from capital to a mercurial founder: an unprecedented, performance-only pay plan that could be worth up to $1 trillion over the next decade if Musk turns Tesla into the $8.5 trillion robotics-and-autonomy juggernaut of Wall Street’s dreams. With the way the milestones are drawn — market-cap stair-steps, robotaxi and software adoption, humanoid deployment — the subtext isn’t subtle: Investors want Musk focused on the unglamorous slog of execution… for a very, very long time.
Will he achieve it!!