Elon Musk’s trillion dollar pay package depends on emerging markets

Elon Musk’s trillion-dollar paycheck hinges on Tesla conquering markets where Chinese rivals are pulling ahead.

On November 7, Tesla shareholders approved a $1 trillion pay package for the founder-CEO, provided the company’s market value increases by 525% to $8.5 trillion and it sells a total of 20 million cars by 2035. The package also demands the deployment of 1 million robotaxis and the delivery of 1 million humanoid robots. 

To meet the 2035 vehicle sales goal, Tesla must sell…