Elon Musk is already one of the richest people alive, but Tesla just unveiled a compensation plan that could take him into uncharted territory as the world’s first trillionaire.
Tesla’s board has proposed a massive new pay package tied to performance milestones that are bold enough to make even Musk’s biggest fans raise their eyebrows. The deal would reward him with up to 12 percent of Tesla’s stock, potentially worth $1 trillion, if he meets all of the conditions.
Those conditions aren’t small. Tesla has to skyrocket its market value from $1.1 trillion to $8.5 trillion, sell 20 million cars per year, and roll out 1 million robotaxis along with 1 million humanoid robots. On top of that, the company would need to hit $400 billion in adjusted earnings. Musk also has to stick around at Tesla for the long haul to see it all through.
The proposal still needs shareholder approval, with a vote set for November. Critics are already questioning whether it’s wise to hand out the largest payday in corporate history, while supporters argue it’s the only way to keep Musk focused on Tesla instead of his many other ventures.
If approved and achieved, the deal wouldn’t just make Musk richer, it would cement his name in the history books as the first trillionaire. The big question is whether Tesla can actually hit these almost sci fi like goals.
