Elon Musk Poised to Become First Trillionaire
Tesla shareholders are set to vote on a historic compensation package that could make CEO Elon Musk the first person in history to amass a trillion-dollar fortune. The proposal, composed of shares and stock options provided over a decade, would greatly expand Musk’s current ownership in the company beyond his estimated 13 percent stake.
The vote, to be held in Texas, stands among the most substantial corporate pay proposals ever presented to investors. Should it be approved, Musk would gain access to stock vesting rights tied to a sequence of performance targets, potentially earning a sum that surpasses the GDP of more than 170 nations, including Singapore, Sweden, Norway, and Qatar.
On Thursday, Tesla shareholders could anoint Elon Musk as the world’s first trillionaire.
The plan’s foundation lies in Tesla’s ambitious long-term financial goals aligned with its ten-year strategy. These benchmarks include pursuing a market capitalization near $8.5 trillion and achieving up to $400 billion in maximum EBITDA. Tesla maintains that Musk’s leadership remains pivotal to realizing these objectives.
Author’s Summary
The potential trillion-dollar compensation plan for Elon Musk highlights Tesla’s faith in his leadership and its unprecedented vision for the company’s long-term growth.