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Tesla and SpaceX CEO Elon Musk arrives at the inauguration of US President Donald Trump’s elected President in Rotonda US Capitol on January 20, 2025 in Washington, Colombia District.
Chip Somodevilla | Through Reuters
The version of this article appeared on the CNBC Inside Wealth newsletter with Robert Frank, a weekly guide to an investor and a consumer with a high network. Specify To get future editions right in the mailbox.
Tesla said it is necessary to stimulate CEO Elon Musk Package of pay records To compete with its private companies, according to the proxy, the company provided last week.
The application outlines a stock prize that can cost $ 1 trillion if it is paid. Tesla also said that other Moscow companies – mostly SpaceX and XAI Holdings – now falls on most of its wealth, and therefore will manage most of its attention if Tesla will no longer pay it anymore.
“Most of Mr. Musner’s wealth now comes from other businesses outside Tesla, and he has more attractive options today than if she used to,” Prax said. Up to 423 million shares are required by adding a payment package to prevent Moscow’s “priority of other enterprises”.
Of course, shareholders will approve the shareholder package. But proxy emphasizes the growth of assessments of Moscow’s private companies and competing interests of XAI, SpaceX and Tesla.
Until last year, the vast majority of Musk’s wealth went out of his Tesla shares. The Bloomberg -Millars Muscovy Index is about $ 385 billion, while Forbes believes its wealth is $ 436 billion. The difference is probably due to its payment package for 2018, which is still disputed and estimated within $ 60 to $ 100 billion. If the compensation plan is restored and/or it receives a tempo -proposed temporal package, a net Musk cost is approaching $ 436 billion.
Today, less than half of this happiness comes from Tesla shares.
Based on its current property by 13%, Tesla Musk shares cost about $ 140 billion. Musk claims that he needs at least 25% of Tesla voting control to prevent the company’s transition because it develops very sensitive and powerful artificial intelligence and robots.
In SpaceX and XAI it has more voting control, with 42% SpaceX and most XAI shares. SpaceX plans to sell insiders, which is reported to estimate the company of $ 400 billion, almost double the last year. When estimating $ 400 billion, Musk’s share will cost about $ 170 billion – more than the cost of its current Tesla.
The XAI estimate has grown even faster: from $ 80 billion at the beginning of the year to potential $ 200 billion in a new fundraising round. Musk owns more than 50% of the company, putting more than $ 100 billion.
Along with the fate of Musk in XAI and SpaceX, it costs almost twice as much as its Tesla shares. Added to its share in Neuralink – estimated at approximately $ 9 billion – and its other companies, its private company Wealth eclipses its wealth Tesla.
Of course, it can be long. If he was awarded 423.7 million shares with a limited stock in the new rally of the 2025, and when Tesla gets into the target estimate of 8.5 trillion. Dollars, Tesla Musk shares will cost over $ 2 trillion.
