Tesla milestones for Musk to reach $1T pay level ‘very aggressive,’ says Stifel

After Tesla’s (TSLA) board proposed a pay package for CEO Elon Musk that could be worth $1T, Stifel called the milestones needed to reach that level “very aggressive” and said doing so would “clearly require sustained executional excellence” along with robust growth in auto deliveries, full self-driving success, Robotaxi traction, and “outstanding success” of the Optimus humanoid robot. The firm, which adds that the “unprecedented” long-term compensation plan “clearly incentivizes” Musk to lead Tesla for the long term, keeps a Buy rating and $440 price target on the shares, noting that this equates to “a mere ~$1.5 trillion market cap.”