Opinion: That US$1 trillion Tesla pay package for Elon Musk isn't as bad as you think. It's worse


Musk has threatened before to turn his back on Tesla if he is not satisfied with his level of authority. — Reuters

To hear Tesla's management talk, you might think that the record-breaking US$1 trillion (RM4.2 trillion) pay package its board just approved for Elon Musk is, in fact, a bargain.

The proposal, which will be presented to Tesla shareholders for their approval on Nov 6, would require Musk to dramatically remake the electric-car company, turning it into an AI and robotics company that also sells cars.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Explainer-What is so special about TikTok's algorithm?
Robotics pioneer says the field has lost its way
Google warns staff with US visas against international travel due to embassy delays, Business Insider says
Sleep cots and graham crackers at Elon Musk’s child care program
Three tips to give your kids the best holiday present you can get – a healthier relationship with screens
Opinion: Australia just banned kids from social media. Shouldn't we all?
Meta's Dina Powell McCormick quits board, may stay on as adviser
EU Council backs digital euro with both online and offline functionality
AI boom drives data-center dealmaking to record high, says report
Nvidia-Intel deal cleared by US antitrust agencies

Others Also Read