Elon Musk Set to Receive over $2.6 Bn Pay Package From Tesla
Shareholders of Tesla Inc, the electric car and solar panel maker have agreed to deliver an incredible pay package to famous CEO Elon Musk worth $50 billion if he makes the company reach their targets over the next 10 years, stated a person participating in the vote which took place in California, where Tesla’s headquarters are found.
The participant, who preferred to remain anonymous because official vote results have not yet been released states that the agreement was by a large margin. The final results will be shared next week in a filing to the U.S. Securities and Exchange Commission.
Tesla says the pay package, an all-or-nothing agreement is worth $2.6 billion looking at the current stock values, but it could increase significantly if Musk reaches the 12 incredible targets whic...