2 days ago
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Musk says Grok is coming to Tesla vehicles
Tesla's committee is asking shareholders to o.k. a caller wage bundle for CEO Elon Musk that could beryllium worthy up to $1 trillion successful a decade, representing 1 of the richest compensation packages successful firm history.
According to a regulatory filing published Friday, the electrical car maker's committee wants to grant Musk astir 423 cardinal shares, which contiguous person a worth of $143 billion, if the institution hits definite profitability, accumulation and marketplace capitalization milestones.
To gain the afloat wage package, Tesla would person to scope a marketplace headdress of $8.5 trillion — astir 8 times its existent worth — successful 10 years. At that level, the banal awarded to Musk would beryllium worthy much than $1 trillion.
—This is breaking quality and volition beryllium updated.
Aimee Picchi is the subordinate managing exertion for CBS MoneyWatch, wherever she covers concern and idiosyncratic finance. She antecedently worked astatine Bloomberg News and has written for nationalist quality outlets including USA Today and Consumer Reports.
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