This compensation plan is clearly excessive. Musk has benefited from his influence over the board's committee — which has falsely claimed that it has no conflicts of interest — and been rewarded for his part-time management role at Tesla, largely on the grounds of milestones that had already been achieved when shareholders voted.
This compensation plan has granted Elon Musk his fair share of Tesla's success, especially considering he took a high risk to receive a high reward. Though Tesla skeptics ridiculed his decision at the time, Musk's management has led the carmaker to increase its value from $59B to $600B, achieving almost all his stipulated performance targets.
There's a 47% chance that Elon Musk will be the richest person in the world on December 31, 2025, according to the Metaculus prediction community.