The board of directors of Tesla Has for company boss Elon Musk (54) proposed a remuneration package of up to a trillion dollar. When the ambitious goals reached, Musk waves up to $ 1,000 billion, as the US electric car manufacturer announced on Friday. If it is approved, it would be the highest remuneration package in history.
The plan underlines Tesla’s strategy to walk from a pure car manufacturer to a technology group under Musk’s leadership. The goals are likely to be tied to growth in AI-controlled products and autonomous systems, according to the Reuters news agency.
At the beginning of the plan for Musk Mega remuneration, Tesla would have to achieve a market rating of $ 2 trillion and deliver $ 20 million vehicles, writes the AP news agency. In 2024 Tesla would have missed this goal significantly, the company delivered less than two million vehicles. This shows how ambitious the goals are based on the new remuneration plan.
The plan also stipulates that Tesla has a million robotaxis in commercial operation and supplies a million robots with artificial intelligence.
According to the project, Musk must stay with Tesla at least seven and a half years in order to sell shares. It would only receive the full amount after ten years in office. It is also part of the remuneration plan that Musk develops an idea of who should follow him at the head of the company.
Full remuneration only after ten years
Most recently, Musk and Tesla were rather offset. Above all, the commitment of the people in the world, richest with an estimated assets of $ 430 billion, alongside the new US president Donald Trump (79) of many evils. In the meantime, both men have ended their partnership. In Germany Musk had campaigned for the right -wing populist party AfD.
Tesla’s sales figures have declined sharply in recent months. According to the European automobile manufacturer association, sales in the 27 countries of the European Union broke up by 40 percent compared to the previous year, although the sales of electric vehicles have risen significantly as a whole. Meanwhile, the sales of the Chinese competitor rose Byd Continue rapidly. BYD achieved a market share of 1.1 percent of all car sales in July, compared to 0.7 percent for Tesla.
In the recent quarter, Tesla reported a collapse of the quarterly profit from $ 1.39 billion to $ 409 million. The turnover also decreased, and the company even remained behind the already reduced expectations of Wall Street. So far, the Tesla share has lost about 25 percent of value this year.
The Tesla board of directors had approved a transitional remuneration package for Musk of around $ 29 billion in the form of blocked shares at the beginning of the year. It should keep it at the top of the group until at least 2030, while Tesla switches to a AI-focused strategy.