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GRAPHIC-Tesla's performance since Musk's compensation package was first approved in 2018
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GRAPHIC-Tesla's performance since Musk's compensation package was first approved in 2018
Jun 13, 2024 3:09 PM

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.

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