Tesla Seeks $1 Trillion Musk Pay To Compete With SpaceX And xAI Stakes Now Worth Twice His Tesla Shares

Benzinga

Tesla said it needs to offer Elon Musk a record-breaking compensation plan to keep his focus on the company as his private ventures, according to Benzinga. Tesla’s proxy outlines a potential $1 trillion share award for Elon Musk, arguing it is needed to keep his focus as SpaceX and xAI now make up most of his wealth. According to a proxy filed last week, the proposed award of up to 423.7 million shares could be worth $1 trillion if fully realized. Tesla argued the package is necessary to prevent Musk from prioritizing other businesses, noting his stakes in SpaceX and xAI are now worth nearly twice his Tesla holdings. Shareholders must approve the plan, which would give Musk significant additional control as Tesla develops advanced AI and robotics.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Tesla said it needs to offer Elon Musk a record-breaking compensation plan to keep

00:06his focus on the company as his private ventures, according to Benzinga.

00:09Tesla's proxy outlines a potential $1 trillion share award for Elon Musk,

00:13argued it is needed to keep his focus on SpaceX and XAI, and now make up most of his wealth.

00:18According to a proxy filed last week, the proposed award of up to 423.7 million shares

00:23could be worth $1 trillion to fully realize.

00:25Tesla argued the package is necessary to prevent Musk from prioritizing other businesses,

00:30noting his stakes in SpaceX and XAI have now worked nearly twice his Tesla holdings.

00:35Shareholders must approve the plan, which would give Musk significant additional control

00:38as Tesla develops advanced AI and robotics.

00:41For all things money, visit Benzinga.com.

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