Tesla-SpaceX merger could trigger Musk’s trillion-dollar payout
A clause in Elon Musk's Tesla pay package could activate if he merges the automaker into SpaceX.
Tesla shareholders approved a US$1 trillion pay package for Elon Musk that includes an escape clause. The clause could be triggered if Musk folds Tesla into his SpaceX empire, potentially accelerating his path to a massive financial payday. The structure appears designed to provide Musk with multiple financial pathways depending on how he manages his business empire.
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See how a Tesla-SpaceX merger gives Musk a shortcut to his US$1 trillion payday
By Theo Francis and Andrew Mollica Deep in a US$1 trillion (NZ$1.7t) pay package approved by Tesla’s shareholders is an escape clause that could pay off for Elon Musk in several ways if he folds the automaker into his SpaceX…