Is Elon Musk really going to get 1 trillion dollars? Know the whole truth about this salary package:

News India Live, Digital Desk: Elon Musk is once again in the headlines, and this time the reason is his salary. Tesla shareholders have approved a compensation package for Musk, the total value of which could reach $ 1 trillion (about Rs 83 lakh crore). If this happens, it will be the largest salary package in corporate history.

But is it as straightforward as it sounds? Are trillions of dollars really going to come into Musk’s pocket? Let us understand this entire matter in simple language.

This is not a simple salary

First of all, it is important to understand that this is not a fixed salary that will come into Musk’s account every month. This is a completely performance based plan, linked to some very tough targets. More than 75% of the shareholders have voted in favor of this package. The Tesla board believes that this package is necessary to keep a visionary leader like Musk attached to the company and get him to do great work. The board also feared that if this package was not approved, Musk might leave the company or focus his attention on some other project.

To get 1 trillion dollars, Musk will have to do these 5 big things:

Musk will get this money only when he achieves these big goals in the next 10 years.

1. The value of the company will have to skyrocket: He will have to increase the market value of Tesla from the current $1.5 trillion to $8.5 trillion. This target is so big that Tesla will become the most valuable company in the world.
2. Record breaking sales of vehicles: Tesla will have to exceed the target of selling a total of 2 crore vehicles.
3. Fleet of driverless taxis: The company will have to put 10 lakh robotaxis (taxis that run without a driver) on the road.
4. Full Self-Driving Technology: Tesla’s Full Self-Driving (FSD) technology will have to have 10 million active subscribers.
5. Human-like robots: The company will have to make and sell 10 lakh humanoid ‘Optimus’ robots that look like humans.

If Elon Musk achieves all these seemingly impossible goals, then only he will get additional shares of the company, whose total value will be up to $ 1 trillion.

Why did the shareholders give the green signal?

While this package may be huge and controversial to some, most shareholders believe that Tesla cannot achieve these lofty goals without Elon Musk’s vision and leadership. They feel that placing such a big bet on Musk will prove beneficial for both the company and the shareholders. After this approval, Musk was so happy that he was even seen dancing with the humanoid robot on stage.

It is clear that as exciting as this $1 trillion story sounds, it is based on tough conditions and huge stakes in the future. If Elon Musk does all this, he can become the world’s first trillionaire.