Elon Musk Will Get a Big Reward if He Leads Tesla Until 2028

Tesla has dangled a big carrot on a stick in front of Elon Musk. The electric car firm announced a 10-year performance award program for its CEO on Tuesday, which pays out as long as Musk meets specific performance goals and remains in a high-level leadership position. The reward pays out in 12 stages, and each one depends on achieving both market cap growth and certain operational milestones. For each of the 12 stages, Musk will receive one percent of the company’s current total outstanding shares. Musk will receive the full payout if Tesla’s market cap grows to $650 billion, around $600 billion more than it is today.

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