After the judicial battle that ended with the salary bonus block of 50,000 million that Tesla had to pay Elon Musk, the electric car manufacturer has launched an order to its shareholders with a New salary proposal For its CEO: a bill bonus (European billion) if you get the company out of the crisis in which it is mired.
The potential value of the salary package that Tesla has presented Before the Bag and Securities Commission, it could raise the fortune of Musk, which is currently estimated at about 435.4 billion dollars, until it became The first billionaire in history If you manage to meet all the required conditions.
The salary package conditions. He New salary plan That Tesla has proposed to Elon Musk does not consist of a traditional salary or cash bonuses: the entire figure depends on the flexible delivery of actions throughout the next decade, provided that it meets certain very demanding milestones, such as reaching Total sales of 20 million additional cars. All in the context of a company plunged into A sales crisis global.
The shares will be delivered by sections, instead of the end of the period as it happened with its 2018 bonus, and only if Tesla manages to multiply its stock market value until it reaches at least one capitalization of 8.5 billion dollars, starting from the billion that is currently worth in the stock market. To put this figure in context, Nvidia is technological more powerful of the momentand its capitalization is 4.05 billion dollars.
It’s not just money: it’s also power in Tesla. In addition, the plan could meet the historical demand of its CEO to have More power within the company. Currently, Musk control around 12% of the actions of Tesla. However, with the new salary bonus its participation in Tesla would increase to 29%. Increase your participation to that percentage would allow Musk increase your influence direct about the company. In this way, it would have enough weight to block important decisions that would not have their approval and further reinforce their position as an essential leader.
In one recent interview For the CNBC, Robyn Denholm, president of the Tesla Board of Directors, made it clear to investors to “retain and encourage Elon is essential for Tesla to become the most valuable company in history.” Without a doubt, a salary package of such a draft should be enough to motivate the richest man in the world.
Termination clause and a commitment to the future. Such and as they break down in Bloomberganother of the conditions of the new salary package announced by Tesla, it is established that MUSK must remain as CEO of Tesla During, at least, the next ten years to be able to opt for the entire compensation, with a minimum of seven and a half years to unlock the first section of the remuneration.
“If it yields, if it reaches the ambitious objectives of the plan, it will receive a participation: 1% for each half billion dollars of stock market capitalization, plus the operational milestones it must achieve to achieve it,” Denholm explained.
On the other hand, among the operational challenges that the commercial deployment of one million is found during that time of autonomous robotaxis and of the Optimus robots with integrated Grok, multiplying by 24 the current benefits of the company.
Investors will have to vote. After registering the proposal to the regulatory body of the stock market, the next step in its process is to submit the salary bonus to the vote of investors. Something that is still more than A mere formal procedure since the previous 2018 salary package was also voted on a shareholders’ meeting, and finally It was canceled by a court of Delaware for the complaint of one of the shareholders.
Image | Tesla, dvids (Trevor Cokley)
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