Part 6/11:
This compensation approach reflects Musk’s relentless drive to push Tesla beyond just electric vehicles, into AI, robotics, and broader technological frontiers. The milestones are demanding—not just reaching a certain market cap, but maintaining it over six months, delivering hundreds of thousands of autonomous robots and taxis, and hitting financial benchmarks such as achieving an adjusted EBITDA of $50 billion per tranche.
The plan also incorporates a succession framework, ensuring stability and leadership continuity—an acknowledgment of Musk’s critical role. Notably, this award is structured as restricted stock, offering voting influence and a strong retention mechanism, highlighting Musk’s perceived uniqueness in leading Tesla’s next big phase.