Tesla has valued Elon Musk's compensation at $158 billion for 2025, according to regulatory filings submitted on Thursday. However, Musk will not receive any of it unless he meets ambitious milestones, including raising the company's market value to $8.5 trillion.
Key Takeaways
Tesla valued Elon Musk's compensation at $158 billion for 2025 but he won't receive it unless he meets ambitious milestones. Meanwhile, Musk testified in a trial against OpenAI co-founder Sam Altman over the company's shift from nonprofit to for-profit.
Analysts say Musk has some way to go before achieving these goals, meaning the pay package is nominal for now. Danni Hewson, head of financial analysis at AJ Bell, told BBC that Musk's compensation figures are "a promise he'll receive that amount in Tesla shares for his work over the past year if he does manage to deliver."
Musk must meet a range of operational milestones to justify the payout, including raising Tesla's market value and meeting revenue targets. If successful, he could be awarded shares worth up to $1 trillion.
Meanwhile, Musk testified in a trial against OpenAI co-founder Sam Altman over the company's shift from nonprofit to for-profit. The trial centers on the 2015 birth of OpenAI as a nonprofit startup primarily funded by Musk before evolving into a capitalistic venture now valued at $852 billion.
Musk argued that Altman and fellow executive Greg Brockman "stole a charity" by pursuing profit-generating initiatives he felt went against its founding mission. Lawyers for OpenAI have rejected the allegations, saying there were never promises that the company would remain a nonprofit forever.
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