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New York.- The Tesla board of directors presented this Friday a salary package for Elon Musk, the company's CEO, which could reach 900 billion dollars if he meets various goals and thus become the world's first "billionaire".
According to a document filed with the stock market regulator, Musk, who is already the richest person on the planet, would have to multiply the stock market value of Tesla by eight - to $8.5 trillion - over the next decade.
In addition, it would have to meet several operational objectives, such as overseeing the commercial deployment of a million autonomous taxis and humanoid robots, and multiplying profits by more than 24. However, the plan announced today does not impose restrictions on the time Musk dedicates to other companies or to potential political activities.Another condition for the magnate to add the 900,000 million dollars to his fortune -valued now at 400,000 million dollars, according to Forbes- is that he remains at Tesla for at least ten years.
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Musk is the founder of SpaceX, a rocket company, and of xAI, an artificial intelligence company that owns the social network X. He is also heavily involved in United States politics and this year worked for several months in the administration of President Donald Trump, something that many consumers of his electric vehicles did not look favorably upon. He has even flirted with the idea of creating a new political party. In 2024, a Delaware court voided Musk's 2018 compensation package, valued at over $50 billion, alleging that the Tesla board's approval process was flawed and unfair to shareholders. Tesla shares were up more than 2% in pre-market trading today.
