Elon Musk may become world’s first trillionaire after Tesla proposes blockbuster pay package

Tesla’s board said the plan is tied to Musk’s ability to transform the company from an electric vehicle manufacturer into a technology and AI-driven powerhouse, with milestones expected in areas like autonomous systems, robotics, and artificial intelligence products, as per a report by The New York Times.

What are Musk’s performance targets for $1 trillion pay package

According to a securities filing, Musk would need to boost Tesla’s market valuation eightfold over the next decade — from its current $1.1 trillion to $8.5 trillion — to unlock the full value of the package. This would need a leap from company’s current $1.1 trillion market cap and nearly double the value of Nvidia, the world’s most valuable company.

As per a report by CNN, Tesla’s proxy statement detailing the plan also included a shareholder proposal for the company to take a stake in xAI, Musk’s privately held artificial intelligence venture. Such a move would not only deepen Tesla’s AI ambitions but also further tighten Musk’s grip across his sprawling business empire.

If successful, the plan could add nearly $900 billion to Musk’s existing fortune of over $400 billion, cementing the largest executive compensation deal in corporate history.

Earlier this year, Tesla granted Musk an interim package worth $29 billion in restricted stock, designed to secure his leadership through at least 2030 as the company accelerates its AI-first strategy.

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