U.S. stock market fluctuation | Tesla (TSLA.US) rises over 4%, company plans to introduce a trillion-dollar sky-high compensation plan for Musk.
According to the Wisdom Finance app, on Friday, Tesla (TSLA.US) rose by over 4% to $353.51. In terms of news, it was reported by the media that the chairman of Tesla's board of directors stated that the company has formulated a succession plan for Elon Musk. Tesla has proposed an unprecedented compensation agreement to CEO Musk, with a potential value of around $1 trillion, making it the largest executive compensation plan in US corporate history. This highly anticipated proposal is designed to incentivize Musk to continue leading Tesla in the coming years, setting a series of ambitious performance benchmarks, including expanding Tesla's self-driving car business and increasing the company's market value from the current approximately $1 trillion to at least $8.5 trillion. The plan spans 10 years.
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