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The $50 Billion Musk Referendum

Byadmin

Jun 13, 2024

Tesla shareholders are about to make a crucial decision on whether to continue supporting Elon Musk’s leadership and his unprecedented 11-figure bonus package, marking a pivotal moment for the carmaker.

Elon Musk is known for embracing high-risk ventures. He has ambitious plans to send 1 million people to Mars with SpaceX, fill Tesla factories with humanoid robots, and build a network of underground highways through the Boring Company. These bold initiatives are still in the works. However, six years ago, Musk made a personal gamble by linking his Tesla compensation to a series of ambitious financial milestones over a decade, including increasing the company’s market value from $59 billion to $650 billion. At the time, these targets were considered audacious and “his most unlikely goal yet.” If Musk fails to achieve these goals, he receives no salary from Tesla.

Now, shareholders must decide whether to endorse Musk’s leadership and the staggering bonus plan tied to these ambitious targets.

By admin

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