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The compensation plan is divided into 12 share tranches, each representing approximately 1% ownership. The first tranche unlocks at a $2 trillion market cap, with subsequent tranches tied to both market cap milestones and operational achievements, including milestones such as delivering 20 million vehicles, reaching 10 million FSD subscriptions, deploying 1 million robots and robo-taxis, and attaining adjusted EBITDA targets as high as $50 billion.
Elon is required to hold the newly awarded shares for 7.5 years after earning them, and the plan links further tranches to developing long-term CEO succession frameworks. His ownership stake could increase from 13.5% to approximately 28.8%, significantly consolidating his control over Tesla.