Tesla (NASDAQ:TSLA) CEO Elon Musk issued some insight into his thinking around his compensation package that could be worth as much as $1 trillion if all the defined milestones are achieved. The package would also grant him over 423 million additional Tesla shares if the milestones are met, which would give him approximately 29% voting control of the company.
On social media site X, Musk said it was not about compensation but about me having enough influence over Tesla (NASDAQ:TSLA) to ensure safety if the company builds millions of robots. “If I can just get kicked out in the future by activist shareholder advisory firms who don’t even own Tesla shares themselves, I’m not comfortable with that future,” he highlighted.
The Tesla (TSLA) annual shareholder meeting is scheduled for Thursday, November 6, at Giga Texas in Austin, Texas. Verified shareholders as of September 15 can participate virtually, vote, and submit questions for company leadership.
Shares of Tesla (TSLA) closed 4% higher on Wednesday.