Tesla offers a 1tn Musk Elon Award if it hit ambitious targets

The head of Tesla Elon Musk will receive a payment package worth over $ 1TN (£ 740 billion) if it hits a list of ambitious targets over the next decade, the advice of an electric car company has suggested.

In order to get the package, Musk, who is already the largest person in the world, will have to strengthen the value of Tesla eight times, sell a million artificial intelligence robots, sell another 12 million Tesla cars and hit several other goals on the moon.

Musk would not earn a salary or bonus, but instead would gradually be awarded shares that would cost 1TN if he achieved all the goals.

The company’s advice has called on investors to vote in favor of the package.

“Growth, which may seem impossible today, can be unlocked with new ideas, better technology and more innovation,” said Tesla chairman Robin Denholm.

“Simply put, preserving and stimulating the Elon is mainly to achieve these goals and become the most precious company in history.”

She added that the Share award would “stimulate the top results of our visionary leader.”

Comes after Musk was Awarded $ 29 billion in shares last month Following his initial award of $ 50 billion, he was overturned by the US court for being “unfair to shareholders”.

According to the latter plan, Musk will receive shares in 12 tranches tied to 12 market stages. The first cornerstone is Tesla’s market value to double up to $ 2tn.

The final milestone at the market value is $ 8.5TN -more than twice as big as the value of chip giant Nvidia, the most valuable company in the world.

It also needs to hit an operational moment with each market stage, which includes the goals of the robot and vehicles, and a goal to increase one of the Tesla profit figures 24 times.

According to the latest financial statement of Tesla sales are Falling at its fastest pace in a decadea problem that Some experts have focused on the “toxic” reputation of MuskS

Dan Coutsworth, an investment analyst at AJ Bell, said the proposed prize for paying the beggars.

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

G -n Coatsworth added that Musk “chaired a company that lost its advantage is ahead of rivals and whose brand was tainted by Musk’s actions outside Tesla.”

He continued: “Certainly Musk must fight for his work, not on board Tesla to fight to hold him?”

The unprecedented offer to pay the board comes only months after it was forced to refuse reports that he is looking to replace MuskS

According to a report at The Wall Street Journal in May, which Tesla said he was “absolutely false,” the board hired Musk, as he was too focused on his work with US President Donald Trump to cope with the cost of Tesla shares.

The Wall Street Journal told the BBC at the time it stood until its reporting.

G -n Coatsworth said: “One minute Tesla board wonders if Elon Musk is a responsibility to the company, given its outspoken views and political distractions, with the next one effectively saying” Select a number, any number “to lock it as long as possible.”