Business EconomyPosted at: Sep 7 2025 6:28PM


Tesla Board proposes "super-ambitious" pay package for Musk

New Delhi, Sep 7 (UNI) Electric carmaker Tesla has put forward a pay deal for Elon Musk that is unlike anything the corporate world has ever seen.

The company’s board has proposed a package that could touch USD 1 trillion, an exchange filing said.
Tesla's filing said that it will hand over 12 pc of shares to Musk in a dozen separate packages subject to a certain set of targets by the company.
This exchange filing has been submitted to the US Securities and Exchange Commission, an independent federal agency created by the Securities Exchange Act of 1934.
This deal is not about salary or cash. It is entirely tied to performance, and the goals which are 'super ambitious.'
For Musk to earn the full amount, Tesla will have to grow many times over.
The company must build millions of electric cars every year, launch fleets of self-driving robotaxis, and bring humanoid robots into production.
It also aims to sign up millions of users for its self-driving software and push its market value into the stratosphere.
Talking about the package move, Tesla said in a letter to shareholders "Retaining and incentivizing Elon is fundamental to Tesla achieving these goals and becoming the most valuable company in history."
The board says the plan is needed to keep Musk focused on Tesla at a time when the company is transforming itself.
Tesla is no longer just about electric cars; it is moving into artificial intelligence, robotics, and autonomous technology.
UNI SAS RKM
Please log in to get detailed story.
Tags: #Tesla Board proposes "super-ambitious" pay package for Musk
More News

Tech Mahindra reports 6 1 pc revenue growth, Q1 profit rises 28 4 pc

16 Jul 2026 | 8:39 PM

Hyderabad, July 16 (UNI) Tech Mahindra on Thursday reported a strong performance for the first quarter ended June 30, 2026, with consolidated revenue rising 6.1 per cent year-on-year to USD 1.66 billion, while Profit After Tax (PAT) increased 28.4 per cent year-on-year to Rs 1,465 crore, driven by broad-based growth across key business verticals and sustained margin expansion.

see more..

NABARD balance sheet grows to ₹10 96 lakh crore, disburses ₹1 37 lakh crore in Telangana over 12 years

16 Jul 2026 | 8:29 PM

Hyderabad, July 16 (UNI) National Bank for Agriculture and Rural Development (NABARD) Telangana Chief General Manager B. Uday Bhaskar on Thursday said the institution's balance sheet had grown in size from ₹4,519 crore in 1982 to ₹10.96 lakh crore as of March 2026, reflecting its continued evolution to meet the changing needs of rural India.

see more..

Telangana to leverage India-UK Trade Pact to boost exports: Sridhar Babu

16 Jul 2026 | 8:21 PM

Hyderabad, July 16 (UNI) Telangana IT and Industries Minister D Sridhar Babu on Thursday said the state government is preparing a roadmap to maximise the benefits of the India-UK Comprehensive Economic and Trade Agreement (CETA) and significantly enhance exports to the United Kingdom.

see more..

Jio Financial accelerates full-stack financial push as Q1 profit jumps 156 pc

16 Jul 2026 | 8:05 PM

Mumbai, July 16 (UNI) Jio Financial Services Ltd (JFSL) is rapidly transforming into a full-stack financial services platform, with strong growth across lending, payments, asset management and insurance businesses powering a 156 per cent jump in consolidated profit after tax (PAT) to Rs 830 crore in the first quarter of FY27.

see more..

Trust, governance key to AI's next phase: Industry

16 Jul 2026 | 7:51 PM

Bengaluru, July 16 (UNI) Artificial intelligence (AI) has entered a new phase where the biggest challenge is no longer persuading businesses to adopt the technology, but ensuring it is secure, trustworthy and capable of delivering measurable business outcomes, industry leaders said on AI Appreciation Day.

see more..