Tesla’s $1T Pay Package: Succession Planning, Assuming Musk Survives
Tesla’s board pulled off the corporate equivalent of leveling up in Monopoly by unveiling a $1 trillion pay package for Elon Musk—yes, the guy who said 'I'll be CEO unless I kick the bucket.' This grand plan spans 10 years and includes heroic milestones like boosting Tesla’s valuation to $8.5 trillion, selling 12 million cars, and launching a million robotaxis, probably before your first car folds itself in half. The catch? Musk must plot his own succession plan to unlock the last shares, hilariously hinting at his eventual exit but only if he really wants to. Meanwhile, Linda Yaccarino gave up juggling Musk’s high-profile shadow after two years at X CEO, proving successor headaches aren’t just fictional drama. Tesla’s board, accused of a 'cult of idolatry', somehow trusts Musk to hand off the keys but also doesn’t see him leaving anytime soon. Apparently, prep for 'when Elon dies' is standard now, while normal 'I’m retiring' plans wait their turn at tranches 11 and 12.
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Elon’s $1 trillion pay package includes a succession plan only triggered if he’s ready to shuffle off CEO duties, which he probably isn’t. Because why pass the baton when you can just stare at it and never move?
Tesla’s succession plan: Step 1, seduce Elon into retirement; Step 2, prepare for chaos. Hint: Step 1 sounds impossible.
Nothing screams ‘long-term planning’ like paying Elon Musk a trillion dollars with exit clauses buried in the far future. Planning or procrastinating?
Source: Businessinsider | Published: 9/5/2025 | Author: Ana Altchek,Tim Paradis
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