WSJ Tech News Briefing TNB Tech Minute: Tesla Board Proposes $1 Trillion Musk Pay Package
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Sep 5, 2025 Tesla's board proposes a jaw-dropping pay package for Elon Musk, tied to audacious market cap goals. Meanwhile, Geekplus Technology considers a second listing in China, showcasing its rapid rise in the robotics sector. Additionally, tech leaders gather for a notable dinner with President Trump, emphasizing the critical role of innovation investment in today’s economy.
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Huge Gap Between Current Value And Targets
- Tesla's current market cap is just over $1 trillion, far below the $8.5 trillion target in the proposal.
- Achieving the package's top payout would require unprecedented company growth and major increases in voting power for Musk.
Enormous Pay Package Tied To Aggressive Targets
- Tesla's board proposed a pay package that could award Elon Musk up to a 12% additional stake if extreme growth targets are met.
- The plan would raise Musk's potential ownership to 29% and hinge on a market-cap target as high as $8.5 trillion.
Growth Despite No Profit Yet
- Geek Plus's shares rose about 30% since its July Hong Kong listing despite not yet being profitable.
- The company's market cap is over $3.8 billion and earnings suggest it may reach profitability soon.