Tesla proposed a new compensation agreement for chief executive officer Elon Musk potentially worth around $US1 trillion, a massive package without precedent in corporate America.

The long-awaited proposal, designed to incentivise Musk to lead Tesla for years to come, sets a series of ambitious benchmarks he must meet to earn the full payout, including expanding Tesla’s robotaxi business and growing the company’s market value to at least $8.5 trillion from around $1 trillion today. The plan spans 10 years. Loading...

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