Despite the decline in global sales of Tesla, Elon Musk enjoys a compensation that continues to grow. The strongman of Tesla saw this Friday the board of directors of the American electric vehicle brand propose a compensation plan for the president, Elon Musk, that could yield something like €858 billion, under certain conditions.
The plan, which has a duration of ten years and must be approved by shareholders, provides for the granting of shares to Elon Musk based on the stock market valuation achieved by Tesla, according to a document published on the website of the U.S. Securities and Exchange Commission (SEC).
The maximum number of shares that Musk could obtain corresponds to 12% of the current capital of the company, but is conditioned on “stratospheric growth” and a valuation of USD 8.5 trillion on the stock market.
If realized, this level of valuation would be unprecedented and would correspond to more than double the current highest market capitalization in the world, achieved by the American chip company for artificial intelligence, Nvidia.
Tesla, which has faced difficulties since the beginning of the year, with declining sales and strong opposition to Elon Musk’s political options, is currently valued on the stock market at just over one trillion dollars, €858 billion.
