Elon Musk, one of the richest people in the world, is once again in the headlines. This time the reason is his new salary, which seems no less than a dream. Shareholders of America’s leading electric car company Tesla have approved a salary package of one trillion dollars, or about one trillion dollars, for Musk. This is the biggest salary offer ever in any corporate history.

This decision was taken in Tesla’s annual general meeting, where about 75 percent of the votes were cast in favor of Elon Musk. As soon as this news came, there was applause in the auditorium of Austin (America). Musk came on stage smiling and was seen dancing with enthusiasm. He said that this is not a new chapter in Tesla’s story, but the beginning of a whole new book.

Strict conditions of Musk’s salary package

Such a huge amount will not be received just like that. There are many difficult targets associated with this offer. In the coming 10 years, Elon Musk will have to increase the market value of Tesla from $ 1.4 trillion to $ 8.5 trillion. Apart from this, it will also be his responsibility to launch 10 lakh self-driving robotaxi vehicles in the market.

If they accomplish all these targets, they will get Tesla shares worth millions of dollars as a reward. Musk is already the richest person in the world, but this deal could take him far ahead of everyone else.

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They get crores of rupees per month

According to media reports, while Elon Musk has received the world’s highest salary offer, an Indian-origin American industrialist Jagdeep Singh has made it among the world’s highest paid employees.

Jagdeep Singh, former founder and CEO of QuantumScape company, received an annual package of about Rs 17,500 crore (about $ 2.3 billion). According to the report, this salary was more than the annual profit of many big companies. Jagdeep Singh earns approximately Rs 48 crore ($5.8 million) every day.

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Tesla has proposed such a huge compensation package for his CEO Alan Musk that if it is approved, Musk can become the first trillionaire in the world. This package will be kept for the approval of shareholders in November, but the condition is that Musk takes Tesla’s valuation trillions dollars in the next 10 years.

This news is being discussed fiercely on social media. One user said, “Probably Musk will use it to go to Mars.” Another user wrote, “Rich and rich are because they spend the earned money in business and investment, while the poor are stuck in debt by spending more.” At the same time, another user taunted, “Employees are working tired, investors are losing and Musk is getting such a big salary, which is more than the GDP of some countries.”

Tesla will have to do so much growth in the next 10 years

According to the Reuters report, if Tesla’s market value reaches $ 8.6 trillion, Musk can get 12% shares of the company i.e. about $ 1.03 trillion. This means that Tesla will have to grow more than $ 7.5 trillion in the next 10 years.

Did you say CEO of 50 Park Investments?

Adam Sarahan, CEO of 50 Park Investments in New York, said, “It is common for the CEO to get a package according to the performance, but its scale is so big that it will now be a part of the discussions of the boardrooms around the world.” At the same time, Professor Brian Quinn of Boston College Law School said, “This package is very big and many questions arise. But Musk has already shifted Tesla to Texas with delaware to avoid such questions.”

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