{"id":63899,"date":"2025-09-14T17:27:11","date_gmt":"2025-09-14T17:27:11","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/63899\/"},"modified":"2025-09-14T17:27:11","modified_gmt":"2025-09-14T17:27:11","slug":"teslas-trillion-dollar-pay-package-shows-elon-musk-desires-control-not-just-wealth-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/63899\/","title":{"rendered":"Tesla\u2019s trillion-dollar pay package shows Elon Musk desires control, not just wealth \u2013 The Irish Times"},"content":{"rendered":"<p class=\"c-paragraph paywall b-it-article-body__text--left\"><a href=\"https:\/\/www.irishtimes.com\/tags\/elon-musk\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/elon-musk\/\">Elon Musk<\/a> briefly lost the crown of world\u2019s richest man to <a href=\"https:\/\/www.irishtimes.com\/tags\/larry-ellison\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/larry-ellison\/\">Larry Ellison<\/a>. His consolation prize comes in the form of a Tesla pay package that would make the distinction almost irrelevant.<\/p>\n<p class=\"c-paragraph paywall \">Tesla\u2019s board has proposed to award Musk up to $1 trillion (\u20ac853 billion) in stock if it hits multiple milestones over the next decade.<\/p>\n<p class=\"c-paragraph paywall \">That\u2019s some reward, given Musk\u2019s behaviour. Far-right tweeting that has tarnished Tesla\u2019s brand, juggling multiple jobs, threatening to quit unless he receives more stock \u2013 some might be tempted to say Tesla\u2019s greatest risk may not be losing Musk, but keeping him.<\/p>\n<p class=\"c-paragraph paywall \">Still, the board\u2019s calculation is stark: Tesla\u2019s sky-high valuation is inseparable from investors\u2019 belief in Musk. Without him, the stock price would surely sink. Hence, shares rose following the announcement.<\/p>\n<p class=\"c-paragraph paywall \">Money aside, the package underscores Musk\u2019s desire for control. He seeks a 25 per cent voting stake; the financial windfall is arguably incidental. After all, even without new awards, his current holdings would make him a trillionaire if Tesla achieves its goals, which include profits soaring to $400 billion and the share price rising eightfold.<\/p>\n<p class=\"c-paragraph b-it-article-body__interstitial-link\">[\u00a0<a aria-label=\"Open related story\" class=\"c-link\" href=\"https:\/\/www.irishtimes.com\/your-money\/2025\/09\/07\/tesla-and-musk-sell-utopia-while-european-sales-slump\/\" rel=\"noreferrer nofollow noopener\" target=\"_blank\">Tesla and Musk sell utopia while European sales slumpOpens in new window<\/a>\u00a0]<\/p>\n<p class=\"c-paragraph paywall \">Still, there are obvious hazards. Rewarding one person so lavishly concentrates power, encourages excessive risk-taking and financial engineering, and tests governance norms. <\/p>\n<p class=\"c-paragraph paywall \">Tesla shareholders will prosper if Musk somehow delivers, but they remain perilously tied to one man, and all the baggage that comes with him.<\/p>\n","protected":false},"excerpt":{"rendered":"Elon Musk briefly lost the crown of world\u2019s richest man to Larry Ellison. His consolation prize comes in&hellip;\n","protected":false},"author":2,"featured_media":49262,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[79,18,1647,19,17,12429,1298],"class_list":{"0":"post-63899","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-eire","10":"tag-elon-musk","11":"tag-ie","12":"tag-ireland","13":"tag-larry-ellison","14":"tag-tesla"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/63899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=63899"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/63899\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/49262"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=63899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=63899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=63899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}