Overview

• Tesla directors proposed a decade-long, milestone-based award that could grant Elon Musk up to $878 billion in stock tied to valuation, product and profit goals.
• Reuters’ analysis concludes Musk could earn more than $50 billion by meeting a handful of easier goals, with about $26 billion possible if two product targets are hit alongside a $2.5 trillion valuation.
• Several targets are loosely defined, including 10 million Full Self-Driving subscriptions without requiring full autonomy, one million robotaxis potentially allowing remote or passenger-seat control, and one million robots not limited to humanoids.
• Each achieved goal paired with valuation thresholds between $2 trillion and $8.5 trillion yields 1% of Tesla shares, while experts say profit milestones are far tougher and valuation growth could be reached with modest market returns.
• The plan requires Musk to remain an executive for roughly 7.5 years to collect shares yet grants voting rights once awards are earned, and Tesla is urging investors to back the proposal at next month’s meeting, which the board says delivers nothing unless value nearly doubles with an operational milestone.