Elon Musk trillionaire/sbkinews.in
Elon Musk, the CEO of Tesla and owner of Twitter, is poised to become the world’s first trillionaire, thanks to Tesla’s newly approved trillion-dollar bonus plan. This unprecedented compensation package, ratified by over 75% of Tesla’s shareholders during the company’s annual meeting in Austin, Texas, could see Musk’s wealth surge past one trillion dollars (approximately Rs 84 lakh crore). To put this staggering figure into perspective, it surpasses the GDP of 170 countries, including advanced economies such as Singapore, UAE, Switzerland, Sweden, Norway, Hong Kong, Qatar, and New Zealand.
#Elon Musk trillionaire
The plan is structured in 12 performance-based segments spread over the next decade, each linked to Tesla reaching specific ambitious milestones. The first tranche will be unlocked when Tesla’s market capitalization hits $2 trillion, a threshold it is rapidly approaching from its current valuation of about $1.54 trillion. Each successive tranche requires Tesla’s market cap to increase in increments of $500 billion—this continues until the company reaches an extraordinary valuation of $8.5 trillion. This milestone would see Musk obtain all shares under the plan, dramatically increasing his ownership stake from around 13% to an estimated 25%, boosting his control over the company.
Alongside soaring stock values, the pay package ties rewards to Tesla’s expanded achievements, including the production and sale of one million humanoid robots (under its Optimus project), the rollout of one million robotaxis, and securing 10 million subscribers for the company’s Full Self-Driving software. These targets reflect Tesla’s ambitious growth trajectory, extending beyond electric vehicles into robotics and autonomous technologies.
Tesla’s board and many investors have applauded the plan, viewing it as a bold incentive to align Musk’s interests with those of shareholders and pushing for innovation on an extraordinary scale. Some proxy advisory firms had voiced concerns about the magnitude of the package, yet the strong shareholder approval demonstrates confidence in Musk’s vision and leadership.
#Elon Musk trillionaire
Musk, already the world’s wealthiest individual, expressed enthusiasm about this next chapter, emphasizing Tesla’s journey from near bankruptcy to a global leader in electric vehicles and energy. The new compensation plan, heavily reliant on performance, aims to propel the company towards transformative milestones that will shape the future of technology and transportation.
For Indian investors and observers, Musk’s potential trillion-dollar milestone is not just a personal achievement but a symbol of disruptive innovation and wealth creation evolving in the global tech sector. With Tesla’s stock playing a pivotal role, the package’s success depends on Musk and his teams’ ability to meet these formidable challenges.
#Elon Musk trillionaire
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