Elon Musk, CEO of Tesla, is set to receive a massive payout worth up to £117 billion if the company meets a series of challenging targets. However, with the deadline for achievement fast approaching, it appears that Tesla has fallen short of meeting these ambitious milestones.
The deal was agreed as part of Musk's compensation package in 2018 and is contingent on Tesla achieving certain production and financial goals. While the company has made significant strides in recent years, including becoming one of the world's leading electric vehicle manufacturers, it still has some way to go to meet its targets.
The pay deal was designed to incentivise Musk and his team to push the boundaries of innovation and growth at Tesla. However, critics have argued that it is too heavily weighted in favour of the CEO, who already holds a significant amount of stock in the company.