Tesla Announces Plan For Musk To Remain CEO

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  • 6 years ago
Tesla announced a new executive compensation plan for its CEO, Elon Musk, on Tuesday. The new plan focuses Musk's compensation on stock, earnings, and revenue targets, rather than vehicle production targets. It requires Musk to be either CEO, or both Executive Chairman and Chief Product Officer. Following the announcement, shares of Tesla are up 2.82%. Musk joined the company in 2004 and has grown it to its current $58 billion market cap.

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