(5 Sep 2025)
RESTRICTION SUMMARY:
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ASSOCIATED PRESS
New York – 5 September 2025
1. SOUNDBITE (English) Bernard Condon, The Associated Press:
++SOUNDBITE PARTIALLY COVERED++
"Elon Musk, the $1 trillion man. That’s what’s dangling out there on Wall Street on Friday after Tesla, Elon Musk’s company, electric car company, proposed to give Musk 12% of the company’s shares should he meet certain milestones over the next 10 years. It’s an extraordinary pay package even for a country without excessive pay to CEOs. He has to increase the stock price 8 times over where it’s trading today in order to get his hands on all that stock. He has to hit other certain targets, he has to increase operating profits tremendously, deploy lots of these robotaxis, driverless cabs on roads, he has to make lots of these humanoid robots that he thinks someday will really dominate the future of the company. It’s not clear he can do it. One reason is he tends to mouth off too much, particularly on his social media platform X about politics, in a way that really angers potential car buyers by embracing Donald Trump and some extreme right wing political figures in Europe. People want to buy a car, they don’t want to buy a political position. And a lot of electric vehicle buyers are not as conservative as he is. So he’s turned them off. It’s almost as if the pay package, reading between the lines, is a, is a giant bribe to get him to be quiet."
ASSOCIATED PRESS
ARCHIVE: Los Angeles – 13 April 2024
2. Various of tech billionaire Elon Musk posing for photographers
ASSOCIATED PRESS
ARCHIVE: Grunheide, Germany – 13 March 2024
3. Various of Musk visiting Tesla plant
ASSOCIATED PRESS
ARCHIVE: Washington – 13 September 2023
4. Elon Musk leaving U.S. Capitol building
ASSOCIATED PRESS
ARCHIVE: Paris – 14 October 2024
5. Various of Tesla vehicles on display
ASSOCIATED PRESS
ARCHIVE: Livonia, Michigan – 1 July 2025
6. Various of Tesla charging stations lined up
ASSOCIATED PRESS
ARCHIVE: Paris – 14 October 2024
7. Optimus, otherwise known as the Tesla Bot, on display in cabinet
ASSOCIATED PRESS
ARCHIVE: Folsom, Pennsylvania – 17 October 2024
8. Various of Musk on stage
ASSOCIATED PRESS
ARCHIVE: Green Bay, Wisconsin – 30 March 2025
9. Musk on stage at a rally
ASSOCIATED PRESS
ARCHIVE: Washington – 11 February 2025
10. STILL of President Donald Trump listening as Elon Musk speaks in the Oval Office (AP Photo shot by Alex Brandon; ID: 25042756695941)
POOL
ARCHIVE: Boca Chica, Texas – 19 November 2024
11. STILL of Trump and Musk (ID: 24324780149643)
ASSOCIATED PRESS
ARCHIVE: San Francisco – 23 January 2023
12. White Tesla vehicle believed to be carrying Elon Musk arrives at federal courthouse
ASSOCIATED PRESS
ARCHIVE: London – 29 March 2025
13. Various of the exterior of a Tesla dealership
STORYLINE:
The world’s richest man could become its first trillionaire if Elon Musk hits a series of extremely aggressive targets for his electric car company over the next decade, according to a proposed pay package released by the company.
Tesla said in a regulatory filing Friday that it will hand Musk shares worth as much as 12% of the company in a dozen separate packages if the company meets certain performance targets, including massive increases in car production, share price and operating profit.
If approved by shareholders, the new pay package could make Musk the world’s first trillion dollar executive, and would mark a new level of outsized pay in a country already known for extreme compensation.
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Author: AP Archive
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