Elon Musk Under New 10-Year Compensation Plan in All-or-Nothing Deal

By Ray Prince It’s high stakes for Elon Musk’s net worth in an all-or-nothing deal based on hitting new Tesla milestones.
On Tuesday, Tesla announced Musk’s new 10-year compensation plan, with performance awards given based on completion of “market cap and operational milestones.”
The company said that if Tesla’s market cap increases to $650 billion (from its current roughly $50-billion position) over a ten-year period, then all awarded equity would vest in said period. To laser in, if its market cap does not hit an additional $50 billion in each of 12 dates, specified by the company, then Musk receives no guaranteed compensation. Guaranteed compensation

Read Full Article Here

For more great articles: HybridCars.com

(Visited 3 times, 1 visits today)

Comments

comments



© 2014 RenewaNews