Elon Musk's Fortune Could Skyrocket if Tesla Hits Ambitious Decade-Long Targets
Elon Musk, the world's wealthiest person, could potentially see his fortune soar even higher if Tesla, the electric vehicle maker, meets certain ambitious targets in the next decade. Shareholders will vote on his compensation plan at the annual meeting in November.
Musk's wealth, currently estimated at over $500 billion, is primarily tied to Tesla. If Tesla's market capitalization increases eightfold in ten years, Musk could receive up to 423 million shares, potentially worth over $1 billion. This would require Tesla to reach a market value of around $6 trillion, up from its current $700 billion.
To unlock the full share package, Tesla must also deliver 1 million robotaxis and 1 million AI robots, and Musk must remain in a leadership position. The compensation plan, which was approved by Tesla's board in 2018, is set to expire in 2028.
Musk's wealth is also tied to his stakes in SpaceX and other companies like X, xAI, and Neuralink. However, Tesla is expected to play a bigger role in his future wealth. Musk's fortune is estimated more strongly than others due to many unlisted companies.
Musk's potential compensation package, if approved by shareholders, could significantly increase his wealth. However, Tesla's sales have been impacted by potential buyers being deterred by Musk's political views and Trump's actions. Despite these challenges, Musk remains the world's wealthiest person, with a significant lead over the second wealthiest, Larry Ellison.
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