Musk could become the first trillionaire. Tesla plans record compensation for him

Tesla has proposed a new compensation package to Elon Musk that could make him the world's first quadrillionaire.

According to the CNN portal, the package includes 423.7 million shares, which Musk will only receive if Tesla's market value rises from $1.1 trillion to $8.5 trillion—which would make the company the most valuable in history.

The proposal comes at a time when Tesla is facing declining sales, increasing Chinese competition, and questions about the feasibility of Musk's promises regarding robo-taxis and humanoid robots.

At the same time, the company is considering an investment in xAI, another company owned by Musk, which could expand his technology empire. Musk insists on having at least 25 percent of the voting rights, otherwise he threatens to withdraw from the company's management.

Critics point to excessive control and a possible distraction from Tesla's real problems. However, the board claims that Musk is an important leader for the future of the company and that the new compensation is intended to ensure his full focus.

At the same time, the company is preparing a succession plan.

(CNN, lup)