Tesla (NASDAQ:TSLA) is going all-in on Elon Musk, with its board sending a loud and clear message ahead of the annual shareholder meeting in early November: “Pay the Man!”.
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The proposed compensation package – which shareholders will need to approve – would award Musk another 423 million shares of common stock, bringing his total ownership of Tesla to roughly 25%. In exchange, Musk will be charged with driving Tesla’s valuation to an astonishing $8.5 trillion, quite the increase from its current market cap of $1.1 trillion.
The shares would be rewarded in tranches, corresponding to various benchmarks that Tesla will be required to meet along the path to riches. Translating this into product achievements, Tesla will need to…
