Tesla's $1 trillion, 10-year pay package to retain CEO Elon Musk is likely to be approved by shareholders at the company's annual meeting in November even though the amount is staggering.
Tesla unveiled on Friday a proposed compensation package for Elon Musk that could top $1 trillion if the controversial CEO delivers on his vision for stratospheric growth from new technologies.
Jeff Sonnenfeld, Yale School of Management senior associate dean, joins 'Power Lunch' to discuss Tesla's proposed pay package for Elon Musk, if any executive should receive that pay package level and much more.
Trillions are the new billions.
The world's richest man, Elon Musk, stands to get a lot richer in the decade ahead—perhaps. That's because his largest and only publicly traded company has put together a proposal that, if approved by shareholders, would see Musk granted nearly $1 trillion worth of shares.
Tesla spent $400,000 advertising on Elon Musk's social media platform X in 2024, according to a new regulatory filing. But the automaker appears to be on track to spend just a fraction of that in 2025 as sales have struggled.
Tesla is asking investors to approve yet another outsized pay plan for CEO Elon Musk, according to a financial filing out Friday. The total package is worth about $975 billion based on the maximum payout.
Tesla's board seeks investor approval for CEO Elon Musk's compensation plan worth up to $1 trillion, citing his leadership as vital for the company's growth.
Tim Higgins, Wall Street Journal business columnist, joins 'Squawk Box' to discuss Tesla's new performance award plan for CEO Elon Musk, how realistic Tesla's growth plan is, Tesla's potential investment in xAI, and more.
This is a developing story.
The arrangements could see the CEO awarded various installments of shares dependent on Tesla hitting a series of milestones.
I maintain a strong buy on Tesla, Inc., and see the current YTD weakness as a foundation-building phase for long-term investors. Tesla's robotaxi rollout and regulatory progress reinforce my thesis of Tesla evolving into an AI-driven mobility platform. Despite fierce competition from Waymo and Chinese EV makers, Tesla's future value lies in its AI, robotics, and energy businesses.