June 13 (Reuters) - Tesla shareholders have
approved CEO Elon Musk's $56 billion remuneration package for
the second time at a crucial annual shareholder meeting after a
Delaware court invalidated the pay deal earlier this year.
Analysts and investors believe passing of the pay package
will alleviate the risk of Musk leaving the electric-vehicle
maker.
Here are a few graphics on CEO compensation and Tesla's
performance:
MARKET VALUATION SINCE 2018 VOTE
Tesla's market valuation surged in 2020, helping Musk
achieve the $650 billion market capitalization target in less
than three years, while he was given a 10-year time frame.
However, since the target was achieved, Tesla's market value
has fallen below the target level of $650 billion.
ANNUAL EV DELIVERIES
Tesla's annual deliveries of its electric vehicles have
risen seven-fold since the remuneration package was approved by
investors in 2018, but some analysts estimate sales to fall for
the first time this year as EV demand grows at a
slower-than-expected pace.
REVENUE & PROFITABILITY
Tesla's revenue and adjusted core profit were also
milestones in Musk's $56 billion stock options package, with the
highest revenue target being $175 billion cumulatively in four
consecutive fiscal quarters.
The highest milestone for adjusted core profit was set at
$14 billion, but the company achieved the goal in 2022 and 2023.
HOW OTHER CEOS ARE COMPENSATED
Alphabet CEO Sundar Pichai is among the top paid chief
executives in the United States with a compensation of about
$226 million in 2022.
Meanwhile, Musk's pay package does not include a salary,
cash bonuses and time-based vesting of equity in Tesla.