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Tesla shareholders to decide fate of Musk's $1T pay package

On HALO

2 hours ago

The fate of Tesla CEO Elon Musk's proposed $1 trillion pay package will be in the balance on Thursday as shareholders vote on whether to approve the historic compensation plan.Under the pay plan, which was proposed in September, Musk would receive up to about 12% of Tesla's stock, which would be subject to restrictions and worth about $1 trillion if Tesla reaches a market capitalization of $8.5 trillion and other operational milestones over a 10-year period. Tesla's current market valuation is about $1.45 trillion, and Musk currently owns about 13% of the company's outstanding shares.The revis...

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2 hours ago
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