Trillion in ten years: Tesla will make Musk the richest person in history
Фото: Reuters
Elon Musk is close to a new financial record – Tesla shareholders have agreed to an unprecedented compensation package for the company’s founder, which could make him the world’s first trillionaire.
According to CNN, more than 75% of Tesla shareholders voted in favor of the decision, excluding Musk’s own 15%. The decision was made at the company’s annual meeting, where attendees greeted it with applause and cheers.
Unlike most CEOs of large corporations, Musk does not receive a fixed salary. Instead, he will receive up to 423.7 million Tesla shares over the next decade, provided the company meets a series of ambitious financial and production targets.
Analysts estimate that Tesla’s market capitalization should grow to $8.5 trillion, which would mean a stock price increase of more than 460%. In that case, Musk’s potential reward could exceed $1 trillion.
Currently, according to Bloomberg, the entrepreneur’s fortune is estimated at approximately $473 billion. In addition to Tesla, he controls the space company SpaceX and the artificial intelligence startup xAI.
Tesla’s board of directors previously warned that if shareholders do not support the payout plan, Musk may consider leaving the position of CEO of the company.
During his speech after the vote, Musk emphasized that Tesla is no longer limited to the production of electric cars. The company is moving into a new phase of development – artificial intelligence technologies, autonomous transportation systems, and robotics.
“The future of Tesla is robo-taxis and humanoid robots. These developments could become more influential than smartphones,” Musk said.
Elon Musk reportedly said during a meeting with investors that he needed a compensation package worth about $1 trillion to maintain control over Tesla and its artificial intelligence projects. The entrepreneur warned that without that level of influence, he could be removed from management.
By the way, American entrepreneur Elon Musk announced the launch of Grokipedia, his own online encyclopedia, created based on Grok artificial intelligence from his company xAI.
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