Part 3/9:
Stevenson counters these assertions by diving into financial details. He explains that unless Tesla's market capitalization exceeds approximately $8.5 trillion, the proposed compensation, which is reportedly worth around $1 trillion, effectively becomes irrelevant because the performance targets set in Musk's contract depend on achieving those high market cap and revenue benchmarks.
Specifically, to meet the valuation thresholds for his bonuses, Tesla must generate over $400 billion in EBITDA over three trailing 12-month periods. Until these ambitious targets are met, the compensation package holds little tangible value, challenging the skeptics' claim of excessive greed.