The reason his last pay package of 50 billion was awarded to him is because he met the milestones for that. It was a similar deal to this one where they set top end milestones that everyone felt were ridiculous and they’d never hit them. Mostly stock targets IIRC.
Quit rewriting history, those were absolutely not lowball milestones.
If Mr. Musk were somehow to increase the value of Tesla to $650 billion — a figure many experts would contend is laughably impossible and would make Tesla one of the five largest companies in the United States, based on current valuations — his stock award could be worth as much as $55 billion
The reason his last pay package of 50 billion was awarded to him is because he met the milestones for that. It was a similar deal to this one where they set top end milestones that everyone felt were ridiculous and they’d never hit them. Mostly stock targets IIRC.
Those were lowball milestones. He actually has to generate real money this time.
They were absurd milestones at the time, which nobody thought he could hit in his wildest dreams.
Quit rewriting history, those were absolutely not lowball milestones.
That is a quote from this contemporary article: https://www.cnbc.com/2018/01/23/teslas-pay-deal-to-keep-elon-musk-all-or-nothing.html