Tesla Proposes Whopping $1 Trillion Pay Package For CEO Elon Musk
Synopsis
Musk’s previous pay package, initially approved in 2018 and valued at over $50 billion, was voided by a Delaware court, which deemed it excessive.
EV giant Tesla Inc (TSLA) has proposed a new compensation package for its CEO, Elon Musk, the company said in a proxy filing on Friday.
The new package, dubbed the 2025 CEO Performance Award, is valued at about $1 trillion. Musk’s previous pay package, initially approved in 2018 and valued at over $50 billion, was voided by a Delaware court, which deemed it excessive.
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