Tesla shareholders voted for compensation plan That may make CEO Elon Musk the world’s first billionaire. Potential incentives have been offered in September, and the corporate’s shareholders agreed to permit this all-or-nothing bundle for its CEO, who spent the primary half of this 12 months decimating the US federal authorities relatively than engaged on any Tesla-adjacent tasks.
The compensation plan lists a number of objectives the corporate should obtain for Musk to reap large rewards. Tesla ought to attain a market worth of $8.5 trillion, in comparison with its present worth of round $1.4 billion. Other necessities are metrics-based, similar to promoting a million robots with humanoid qualities, whereas others are strategic, similar to establishing a succession plan for Tesla’s future management. Musk additionally has lots of different points at play at SpaceX and xAI, so the incentives could also be an effort to maintain the CEO targeted on making more cash for this particular group of followers.
Nowadays, more often than not the title Tesla seems within the headlines it isn’t for good press. The firm mixed document income with falling income in its third-quarter 2025 monetary outcomes. During October alone, it was the topic of a number of investigations by the National Highway Traffic Safety Administration and drew the ire of the California Department of Insurance.
