Elon Musk has previously said that he will be “the last one to sell his Tesla stocks”, but the CEO now clarifies what it means in practice.

He plans to sell a ‘major’ stake in Tesla in ‘about 20 years’ to finance SpaceX’s Mars colonization plans.

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Musk is in a unique position as the CEO of two multi-billion-dollar companies: Tesla and SpaceX.

Investors, analysts, and the public, in general, have long been fascinated about how he juggles his roles among the two companies, and now his many new startups, like The Boring Company, Neuralink, and maybe even a new media company?

At one point, Musk expressed interest in leaving his role as CEO of Tesla in order to focus on SpaceX while remaining Chairman of the Board and being involved in product development at the automaker.

That was supposed to happen after achieving volume production of the Model 3, but he appears to have given up on those plans as he settles in his dual CEO role. He received a new CEO compensation plan at Tesla which is based on a long-term commitment.

The compensation plan could also ultimately result in a multi-billion dollar payout that would significantly increase Musk’s already large stake in Tesla.

Today, the CEO clarified his long-term plan for his stake in the company and stock options from his compensation plan: