Tesla’s board has proposed a one trillion dollar salary for Elon Musk
The board of directors of Tesla, an American electric car manufacturer, has proposed a one trillion dollar salary for Elon Musk, the CEO of the company
However, certain criteria must be met for him to become the highest-paid executive in history
The most important condition is that Tesla’s market value should increase eightfold over the next ten years, reaching more than eight trillion dollars
The board has stated that Elon Musk plays a crucial role in advancing Tesla’s efforts to lead in artificial intelligence and robotics technologies, as the company faces declining demand for electric vehicles and increased competition from its rivals
Tesla shareholders are set to vote on this ten-year compensation proposal for Mr. Musk in November
Currently, there is an ongoing legal dispute over Elon Musk’s current 29 billion dollar salary