Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

LiberalArkie

(18,944 posts)
Fri Sep 5, 2025, 08:16 AM Sep 5

Tesla offers pay package to CEO Elon Musk that could be worth up to $1 trillion

Source: CBSNEWS

September 5, 2025 / 8:05 AM EDT

Tesla's board is asking shareholders to approve a new pay package for CEO Elon Musk that could be worth up to $1 trillion in a decade, representing one of the richest compensation packages in corporate history.

According to a regulatory filing published Friday, the electric car maker's board wants to award Musk about 423 million shares, which today have a value of $143 billion, if the company hits certain profitability, production and market capitalization milestones.

To earn the full pay package, Tesla would have to reach a market cap of $8.5 trillion — about eight times its current value — in 10 years. At that level, the stock awarded to Musk would be worth more than $1 trillion.

The entrepreneur's previous compensation has drawn legal challenges. In 2018, Tesla investors filed a lawsuit challenging Musk's $56 billion pay package, alleging that he and the company's board had breached their fiduciary duties. In December, a Delaware judge ordered the company to revoke that award.

Read more: https://www.cbsnews.com/news/elon-musk-tesla-new-compensation-pay-package-1-trillion/?linkId=857816776

18 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies

mdbl

(7,376 posts)
2. Will never buy a Tesla
Fri Sep 5, 2025, 08:35 AM
Sep 5

Or do anything else to support this greedy asshole including any of his online crap like X, etc.

Buddyzbuddy

(1,472 posts)
3. After he almost single handedly destroyed Tesla?
Fri Sep 5, 2025, 08:46 AM
Sep 5

I thought the board was supposed to do what's best for stockholders, not a stockholder? In spite of being the largest stockholder. Without Leon, the stock price should rise, shouldn't it?

bronxiteforever

(10,772 posts)
4. So a trillionaire orchestrated the firing of career public servants
Fri Sep 5, 2025, 09:15 AM
Sep 5

Who spent their lives in service of ourCountry. Tell me again how the GOP loves America?

Bengus81

(9,397 posts)
5. He trashes the Company rep with DOGE and hanging with Fat Hitler and he should be rewarded??
Fri Sep 5, 2025, 09:16 AM
Sep 5

Those shareholders can't be that stupid can they?

angrychair

(11,152 posts)
6. Eat. The. Rich
Fri Sep 5, 2025, 09:46 AM
Sep 5

That's it. It's not the money in itself, it's that the power and influence of billionaires, all billionaires, is antithetical to a normal, functioning society.

Down with all billionaires.

LiberalArkie

(18,944 posts)
7. If they had been taxed at the 70-90% pre-Reagan "create the billionaire class" tax cut, they would not have the power
Fri Sep 5, 2025, 09:55 AM
Sep 5

they have nor the money. And we would probably be on the moon, have a real national health care system and an eductional system like Europe.

RainCaster

(13,107 posts)
8. So much of the world is boycotting Tesla...
Fri Sep 5, 2025, 10:29 AM
Sep 5

... because of what this clown did with his DOGE actions. Why is the Tesla board rewarding him when they should be firing him?

LudwigPastorius

(13,413 posts)
16. "Why is the Tesla board rewarding him when they should be firing him?"
Fri Sep 5, 2025, 01:35 PM
Sep 5

...because they know that a huge part of the value of Tesla stock is based on Elon's continuous spew of hyped bullshit.

If they fired him and hired a non-drug-addled CEO with an engineering background, who wasn't a Nazi, the price of Tesla stock would plummet to where it should be based on the company's earnings.

groundloop

(13,276 posts)
9. Screw employees and customers in order to reward this idiot.
Fri Sep 5, 2025, 10:43 AM
Sep 5

That a company can afford to pay a CEO that much money tells me that they're overcharging their customers and severely underpaying their employees. Totally messed up.

OnlinePoker

(6,022 posts)
11. That only works if Tesla continues to survive.
Fri Sep 5, 2025, 11:01 AM
Sep 5

With the reduction/elimination of subsidies, you're going to see a large reduction in the number of EVs sold and Tesla's brand is tarnished due to Elon, so they won't be selling anywhere near what they used to.

travelingthrulife

(3,268 posts)
12. All those inspections and lawsuits against Tesla that Donnie made go away will
Fri Sep 5, 2025, 11:25 AM
Sep 5

likely help them a lot. He is still getting subsidies as his needs were met. Lots of work-arounds for good old Elon.

popsdenver

(481 posts)
18. Musk just wants to
Fri Sep 5, 2025, 04:29 PM
Sep 5

humiliate Trump, and everyone else, to being the world's first Trillionaire?????

Latest Discussions»Latest Breaking News»Tesla offers pay package ...