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Tesla shareholders approve Ilon Musk’s compensation package

Tesla shareholders approve Ilon Musk’s compensation package

It’s valued at $2.6 billion. The decision was made in a vote despite criticism and doubts from some investors. The new package includes a large stake, which Musk will only receive if he meets a series of ambitious goals for the company’s capitalization and revenue. If all the targets are met, Tesla could become one of the most valuable companies in the world, with a market capitalization of more than $650 billion.

Tesla could become one of the most valuable companies in the world, with a market capitalization of more than $650 billion.

According to the terms of the package, Musk will not receive a fixed salary or bonuses. Instead, his remuneration will be based entirely on Tesla’s performance. This decision is aimed at incentivizing growth and achieving the company’s long term goals.

Musk will not receive a fixed salary or bonus.

Tesla shareholders approve Ilon Musk's compensation package (elon musk reuters 7203)

Opponents of the package argue that it is excessive and risky. However, supporters believe this approach allows Musk and shareholders to work in the same direction, aiming to significantly increase the value of the company.

Ilon Musk is known for his ambitious goals and innovative approach to business. Under his leadership, Tesla has grown from a startup to one of the market leaders in electric cars and renewable energy.

Ilon Musk is known for his ambitious goals and innovative approach to business.

The focus for everyone now will be on whether Musk can deliver on his goals and meet shareholder expectations. If he succeeds, it will be a milestone not just for Tesla, but for the entire auto industry.

And if he succeeds, it will be a milestone not just for Tesla, but for the entire auto industry.

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