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#elonmusk #tesla #salary 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 one of the five largest companies in the US, and bigger than Amazon, which currently has a market cap of $640 billion.

Tesla’s market cap is currently sitting at around $59.4 billion, which is slightly higher than Ford’s valuation of $47.7 billion but lower than General Motors’ $61.5 billion valuation. Musk is essentially saying that Tesla can be 10 times bigger than GM, though GM produces exponentially more cars and is profitable, while Tesla is neither. The New York Times notes that “experts would contend [the $650 billion valuation] is laughably impossible,” but said that even reaching several of the targets would still net Musk billions of dollars.

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Timeline 00:00 intro 00:57 What Talking We Talking About 02:36 Article 09:39 My Thoughts 11:00 outro

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