Overview
- Tesla investors approved the performance-based package earlier this month, described as the first $1 trillion CEO award.
- The plan uses 12 restricted-stock tranches that vest only when a market-cap threshold aligns with an operational milestone.
- Market-cap targets start at $2 trillion and rise in $500 billion increments to $8.5 trillion over a ten-year window.
- Operational goals cited include selling 1 million robots, deploying 1 million robotaxis, delivering 20 million cars, reaching up to $400 billion in EBITDA, and securing 10 million full self-driving subscriptions.
- A reported mechanic grants 35.312 million restricted shares when a new valuation step is hit plus any one operational target, a structure critics say could enable large partial payouts as supporters argue it aligns incentives.