Elon Musk could become the world’s first trillionaire if he hits targets set by Tesla, under a scheme disclosed by the electric car company he runs and in which he is the largest shareholder.
Tesla outlined the terms of the incentive package, unprecedented in corporate history, in a section of its latest stock market update that began: “Yes, you read that correctly.”
Musk, the company said, will have to increase the value of Tesla from just over $1tn now to $8.5tn over 10 years.
If he presides over growth on that scale, the 54-year-old will receive new shares that would push his stake in the company from nearly 16% to well beyond 25%, increasing the fortunes of the world’s richest man to more than $2tn.
I know that repub voters are all temporarily embarrassed millionaires and all, but can we all agree that a trillionaire shouldn’t exist? Can we please put him to the guillotine?
I’m afraid I’m going to have to insist we put him in feet first and just keep slicing until the job is done.
I won’t be happy until he’s julienned.
Nope. With hyper inflation we’re going to need trillionaire consumers to keep Institutions open… Like Walmart and and Taco bell