TESLA PROPOSES MUSK PAY PACKAGE WORTH AS MUCH AS $1 TRILLION OVER DECADE

Summary from the TLDR newsletter

Tesla's board is asking investors to approve a pay package that could deliver Elon Musk as much as $1 trillion in stock over the next decade. The deal would allow Musk to receive installments of shares if Tesla hits a series of market capitalization and business milestones. The maximum payout would give him an additional 12% stake in Tesla, but the company would have to reach a market value nearly eight times its current valuation. The unprecedented pay package is aimed at keeping Musk focused on the company.