Future Tesla Executives Could See Higher Pay Packages than Elon Musk's Record Deal

Money | June 17, 2024, 7:44 a.m.

Elon Musk's massive record pay package from Tesla shareholders has hit a roadblock after a judge in Delaware deemed the process flawed, leading to uncertainty over the final outcome. Despite a new shareholder vote in favor of the package, legal experts suggest that it may not automatically be restored. Musk's desire for additional stock options stems from his ambition to lead Tesla in AI and robotics, with his current stake set to increase significantly if the options are returned. The Tesla board is adamant about providing substantial compensation to retain Musk's focus and drive, considering him crucial for the company's future success. With Musk potentially becoming the world's first trillionaire if Tesla's stock soars, the debate over his compensation continues to intrigue investors and industry observers alike.