Overview
- The proposal would grant up to about 423.7 million additional shares over 10 years, or roughly 12% of Tesla, if milestones are met.
- Vesting would occur in 12 tranches over roughly 7.5–10 years, requiring Musk’s continued leadership for at least 7.5 years.
- Targets include lifting Tesla’s valuation from about $1.1 trillion to $8.5 trillion, plus deploying one million robotaxis and one million humanoid robots.
- If fully earned, Musk’s stake would rise toward approximately 25% voting power, with compensation paid entirely in equity rather than cash.
- The plan follows a Delaware court’s voiding of Musk’s 2018 award and comes after Tesla’s move to Texas, where a 3% ownership threshold for shareholder suits could limit challenges.