Analyst Calls Musk’s $1 Trillion Tesla Pay Package 'Modest,' Citing Humanoid Robots Market Could Surpass Global Labor

Tesla proposed a $1 trillion pay package for CEO Elon Musk, according to TipRanks. The deal is contingent on ambitious 10-year milestones, including 20 million vehicle deliveries, 10 million FSD subscriptions, $400 billion in annual EBITDA, and large-scale deployment of robotaxis and Optimus robots. Morgan Stanley analyst Adam Jonas called the package “modest” relative to market potential, noting humanoid robots could surpass the global labor market in value. Jonas reiterated an Overweight rating with a $410 target, suggesting 18% upside. Tesla holds a consensus rating of Hold, with an average price target of $306.42, implying an 11% downside.