Overview

• An SEC filing outlines a decade-long stock award tied to market-cap milestones and subject to shareholder approval.
• Reaching an $8.5 trillion valuation would trigger the maximum grant equal to 12% of Tesla’s current share count.
• Intermediate tranches include roughly $20 billion in stock if Tesla’s market value hits $2 trillion.
• If the highest targets are met, Musk’s stake could rise toward about 25%, strengthening his control of the company.
• The board describes the plan as designed to retain and incentivize Musk, as Tesla highlights robotics and AI priorities and faces recent sales declines of 43.5% in Europe and 12.24% in China.