Tesla's board crafted a $1 trillion package to motivate CEO Elon Musk's performance. Tesla's chair, Robyn Denholm, says his ventures outside Tesla are beneficial to Tesla.
Shares of automotive giant Tesla Inc. NASDAQ: TSLA closed just under $350 on Wednesday, continuing a lackluster couple of sessions. The stock looks tired and is essentially flat since May despite a breakout from its pennant pattern last month.
Carter Worth, Worth Charting, joins 'Fast Money' to talk the technicals on Tesla.
Robyn Denholm, normally media shy, is campaigning to get shareholders to back the chief executive's trillion-dollar compensation package.
Tesla's stock is on the rise.
Tesla, Inc.'s $1 trillion compensation package for CEO Elon Musk signals a shift from being valued as a car company to a tech-driven future. The package ties Musk's rewards to ambitious milestones: $8.5T market cap, robotaxis, Optimus robots, and massive EBITDA growth, aligning his focus with shareholders. Tesla's long-term investors are betting on future innovations—robotaxis, robotics, and energy—not current automotive metrics, justifying the stock's premium valuation.
Tesla has asked the San Francisco, San Jose, and Oakland airports about acquiring permits to operate a ride-hailing service at each location, according to Politico.
There's more bad news for Tesla. Elon Musk's carmaker saw its EV market share in the US fall below 40% for the first time in 8 years.
Famous tech analyst Gene Munster, did some simple math. If a new compensation package for founder and CEO Elon Musk can hit $1 trillion over the course of 10 years, Tesla (NASDAQ: TSLA) will be worth $8.5 trillion in the tenth year.
Tesla (TSLA) CEO Elon Musk is getting an offer of a lifetime from the EV developer's board: a $1 trillion pay package if he can drive the market cap to $8.5 trillion over the next decade and meet other operational goals. The EV developer launched its robotaxi business in Austin, Texas, in June 2025.
Tesla Investors Just Got Two More Reasons To Buy The Stock
Tesla outlined a $1 trillion compensation plan for CEO Elon Musk on Friday, which pays out if he is able to grow the EV company's market capitalization from about $1.1 trillion to $8.5 trillion and to hit several operational targets.