00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Tesla's shareholders were both Thursday had a record pay package for CEO Elon Musk that could
00:06grant him up to $1 trillion in stock and boost his ownership to roughly 25%,
00:11according to the Wall Street Journal. The proposed plan would award Musk 424 million new shares
00:16divided into 12 tranches, each tied to market cap and operational milestones.
00:20Tesla's market cap goals ranged from $2 trillion to $8.5 trillion, with current value near $1.5
00:26trillion. Half the milestones involved profit targets, requiring Tesla to reach a trailing
00:3112-month adjusted EBITDA of $50 billion to unlock the first tranche and sustain $400 billion for
00:37the full war. Other milestones include scaling self-driving subscriptions, robo-taxis, and
00:42humanoid robots. Musk's current net worth exceeds $450 billion. For all things money, visit Benzinga.com.
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