Tesla

Tesla boss Elon Musk will receive a salary package worth more than $100 million (£740 billion) if he reaches his ambitious target list over the next decade, the electric vehicle company’s board of directors proposes.

To get the package, Musk, who is already the richest man in the world, needs to increase Tesla’s value by eight times, sell 1 million artificial intelligence robots, sell 12 million Tesla cars, and reach several other lunar goals.

Instead of earning a salary or bonus, Musk gradually gains stocks, worth $1Tn if he achieves all his goals.

The company’s board of directors urges investors to vote for the plan.

“It seems impossible to grow today can be unlocked with new ideas, better technology and greater innovation,” said Tesla chairman Robyn Denholm.

“Simply put, retaining and inspiring Elon is the foundation for Tesla to achieve these goals and become the most valuable company in history.”

She added that the stake award will “drive peak performance for our visionary leaders.”

It’s after Musk Granted $200 billion in shares last month After his initial $50 billion ruling was granted “unfairly against shareholders” by the U.S. court.

Under the latest plan, Musk will acquire 12 branches and be associated with 12 market milestones. The first milestone is Tesla’s market value doubled to $2TN.

The ultimate market value milestone is $8.5TN – more than twice the value of Chip Giant Nvidia, the world’s most valuable company.

He also has to reach an operational milestone with each market milestone, which includes robotics and vehicle goals, as well as a goal of 24 times the revenue figure of Tesla.

According to Tesla’s latest financial report, sales are Their fastest speed in ten yearsa question Some experts have already depended on Musk’s “toxic” reputation.

Dan Coatsworth, investment analyst at AJ Bell, said the recommended salary awards are “beggar faith”.

“Is it worth so much for a person?” he asked.

Mr. Coatsworth added that Musk “has chaired a company that lost its edge, replaced by competitors, whose brand was undermined by Musk’s actions outside of Tesla.”

He continued: “Musk should definitely fight for his job, not Tesla’s board of directors to keep him?”

The board’s unprecedented salary proposal appears in Forced to deny reports that it will replace Musk.

According to a report in the Wall Street Journal in May, Tesla said it was “absolutely false” and the board hired a headhunter to replace Musk because he was too focused on his work with U.S. President Donald Trump to solve Tesla’s falling stock price.

The Wall Street Journal told the BBC in its report.

“The Tesla board of directors wants to know for a minute whether Elon Musk’s viewpoint and political distraction is a responsibility to the company, and the next one they actually say “choose a number, any number” and lock him for as long as possible,” Mr Coatsworth said.