The Digest:
Tesla’s CEO, Elon Musk, may soon become the world’s first trillionaire if a new pay package is successful. The ambitious proposal could grant Musk 423.7 million additional Tesla shares, which would be worth nearly $1 trillion if Tesla's stock value hits $8.5 trillion.
Key Points:
- Musk’s new pay package could grant him 423.7 million Tesla shares.
- These shares could be worth $143.5 billion at today’s stock value.
- The company’s market capitalization would need to reach $8.5 trillion for Musk to earn all shares.
- Tesla is already the most valuable automaker, but this new target would surpass its current value.
- The pay package also includes a proposal for Tesla to invest in Musk’s AI company, xAI.
- Musk holds 410 million shares of Tesla, valued at $139 billion.
- Critics say the pay package raises concerns over Tesla’s overvaluation and Musk's unchecked power.
- Tesla’s current struggles include growing competition from Chinese automakers and issues with self-driving vehicle promises.
Musk’s potential to become the world’s first trillionaire hinges on Tesla achieving ambitious financial goals. While the proposed pay package could bring massive wealth, it also fuels concerns over Tesla’s future performance and stock valuation.
Sources: CNN
