If Musk meets all the objectives within the set deadline, he could obtain up to 12 percent of the current share capital and control between 25 and 29 percent of the company.
Mexico City, November 7 (However).- The Tesla shareholders they approved the salary package for the executive director Elon Musk –valued up to a billion dollars over the next decade–, after the vote held in the general shareholders meeting of the North American manufacturer held this Thursday.
At the general meeting, more than 75 percent of the shares of Tesla They voted in favor of historic salary packagedespite the fact that in the previous hours this measure was widely questioned by some of its large investment groups, such as the Norwegian sovereign fund, Norges Bank Investment Management.
The South African tycoon is already Tesla’s largest shareholder, with a 15.32 percent stake, according to Bloomberg.
The approval constitutes support for the strategy and vision of its CEO, Elon Musk, who seeks to transform the electric car manufacturer into a world leader in artificial intelligence and robotics.
In detail, the package is made up of 12 specific goals, each associated with certain financial and performance criteria that, depending on the fulfillment of the objectives, could grant Musk an additional number of shares in the group.
These goals include Tesla reaching a market capitalization of $8.5 trillion, compared to the approximate $1 trillion it is currently worth, as well as the sale of 20 million vehicles, when the company only celebrated the production of its eight millionth unit in June.
If Musk meets all the objectives within the set deadline, he could obtain up to 12 percent of the current share capital, and control between 25 and 29 percent of the company.
-With information from Europa Press.