Tesla Has Offered A $1 Trillion Reward To Ilon Musk
23- 5.09.2025, 15:26
- 17,946
The unprecedented step is being taken to incentivize getting back into business.
Tesla offered its CEO Ilon Musk a compensation package that, if a number of specific goals are met over the next decade, could net him a $1 trillion fortune. The unprecedented move seems designed to encourage Musk to get back into business. In the past year, his interests have gone far beyond the four companies he runs, with Musk venturing into politics and deciding to form a party after being kicked out of the White House.
To get the promised reward, Musk will have to devote a lot of time to working at Tesla, whose business continues to suffer due to his past political activism and stiffer competition, primarily from Chinese electric car makers. The package was designed to link the achievement of "exceptional shareholder value [for the company] over the long term with incentives that will maximize the performance of our visionary leader," Tesla Chairman Robin Denholm wrote in a letter to shareholders who will have to approve the proposal. "Elon's retention and incentivization" Denholm called it "fundamentally necessary for Tesla ... to become the most valuable company in history."
The Tesla board has set a number of ambitious goals, including growing its self-driving cab business, which the company only began testing in real-world conditions in June, and achieving a market capitalization of $8.5 trillion. In that case, Musk would get a 12% stake in the company, which would amount to just over $1 trillion. Together with his existing shares, his stake would reach 25%; Musk has previously said he would like to control a stake of that size.
Securing the capitalization target won't be easy. At the end of last year, it was as high as $1.5 trillion and is now less than $1.1 trillion.The most valuable company in the world today, chip maker Nvidia, is worth about $4 trillion.In addition to Tesla, Musk has three other companies - xAI, Neuralink and Boring. In addition, in early July he announced his intention to found his own political party. However, the process of its creation has been slowed down due to Musk's desire to focus on business and unwillingness to clash with influential members of the Republican Party, from which his association will inevitably draw votes.
The Tesla business is experiencing serious problems. Sales in the second quarter fell nearly 14% compared to the same period in 2024, revenue fell 12% to $22.5 billion (the biggest drop in more than a decade) and net income fell 16% to $1.17 billion. Late last year, Tesla lost the world's top spot in electric car sales to China's BYD.
Bank's name: Bank Millennium S.A.
Address: ul. Stanislawa Zaryna, 2A, 02-593, Warszawa
IBAN: PL97116022020000000216711123
SWIFT: BIGBPLPW
Name of the account holder: Fundacja “KARTA ‘97”
Purpose/title of payment: Donation for statuary aims
You can contact us by the e-mail charter97@gmail.com
