By Akash Sriram
(Reuters) - Tesla (NASDAQ:TSLA) shareholders have approved CEO Elon Musk's $56 billion remuneration package for the second time at a crucial annual shareholder meeting after a Delaware court invalidated the pay deal earlier this year.
Analysts and investors believe passing of the pay package will alleviate the risk of Musk leaving the electric-vehicle maker.
Here are a few graphics on CEO compensation and Tesla's performance:
MARKET VALUATION SINCE 2018 VOTE
Tesla's market valuation surged in 2020, helping Musk achieve the $650 billion market capitalization target in less than three years, while he was given a 10-year time frame.
However, since the target was achieved, Tesla's market value has fallen below the target level of $650 billion.
ANNUAL EV DELIVERIES
Tesla's annual deliveries of its electric vehicles have risen seven-fold since the remuneration package was approved by investors in 2018, but some analysts estimate sales to fall for the first time this year as EV demand grows at a slower-than-expected pace.
REVENUE & PROFITABILITY
Tesla's revenue and adjusted core profit were also milestones in Musk's $56 billion stock options package, with the highest revenue target being $175 billion cumulatively in four consecutive fiscal quarters.
The highest milestone for adjusted core profit was set at $14 billion, but the company achieved the goal in 2022 and 2023.
HOW OTHER CEOS ARE COMPENSATED
Alphabet (NASDAQ:GOOGL) CEO Sundar Pichai is among the top paid chief executives in the United States with a compensation of about $226 million in 2022.
Meanwhile, Musk's pay package does not include a salary, cash bonuses and time-based vesting of equity in Tesla.