Part 4/14:
- Reaching $50 billion in adjusted EBITDA, with thresholds descending to $400 billion
Furthermore, the plan calls for Elon to remain in continuous service for at least 7.5 years, a key condition to vesting the awards fully. For the 11th and 12th trenches, Elon must collaborate with the board to develop a CEO succession framework, ensuring leadership continuity.
Strategic Political and Corporate Commitments
An interesting inclusion in the document indicates that the Board expects Elon to wind down his political involvement to shield Tesla from potential conflicts or controversies. While details are scarce, it suggests an effort to align Elon’s private commitments with corporate stability.