Tesla CEO Elon Musk recently purchased about $1 billion of his own company’s stock, marking his first public market buying spree since 2020. This move has caused Tesla’s stock price to soar, with a gain of over 25% in the past three months.
Despite a general decrease in electric vehicle deliveries, Musk is betting on self-driving Robotaxis. In order to incentivize Musk to lead Tesla to new heights, the Tesla board has proposed a new ten-year compensation plan for Musk, requiring him to increase Tesla’s market value from $1.3 trillion to $8.5 trillion in the next decade. Can this ambitious goal be achieved?
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