Tesla stakes Elon Musk’s salary on plan to become bigger than Amazon


Tesla has announced a new compensation plan for Elon Musk: he’ll only get paid if he reaches certain exorbitant milestones, including a Tesla market valuation of $650 billion.

The company’s market valuation goals start at $100 billion and go up in $50 billion increments. (They climb to $150 billion, and so on until the $650 billion mark.) Tesla has a dozen market valuation goals and a dozen revenue and adjusted profit targets. The profit goals are designed to ensure that the company is “also executing well on both a top-line and bottom-line basis” as the company grows in valuation.

For hitting these goals, Musk would receive 1.69 million shares of the company (about 1 percent). If Tesla were valued at $650 billion, that would make it...

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via The Verge - Tech Posts "http://ift.tt/2F51FgK"

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