Tesla Board Proposes New Compensation Plan for Elon Musk

Tesla’s board has proposed a new compensation package for CEO Elon Musk valued at up to $1 trillion in stock-based rewards over the next ten years. The plan eliminates salary and bonuses, instead linking Musk’s compensation solely to achieving significant objectives such as boosting Tesla’s market value and profitability. The board emphasized the plan is designed to align Musk’s incentives with the interests of Tesla’s shareholders, though the scale of potential payout is likely to renew debate over his earnings.

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