8 hours ago
Last Updated:September 05, 2025, 18:07 IST
Tesla’s board proposed a record-breaking share-based pay plan for Elon Musk, aiming for $8.5 trillion market value and AI milestones.
A file photo of Elon Musk (AP)
Tesla’s board proposed a record-breaking compensation plan for CEO Elon Musk that could make him the world’s first trillionaire- if he achieves a series of ambitious performance goals. The package is composed entirely of Tesla shares and will go to a shareholder vote on November 6, according to a securities filing. Tesla said the plan is linked to Elon Musk’s ability to transform the company from an electric vehicle manufacturer into a technology and AI-driven powerhouse, with milestones in autonomous systems, robotics and artificial intelligence products, The New York Times reported.
What Are Elon Musk’s Performance Targets?
To unlock the full payout, Elon Musk would need to boost Tesla’s market value nearly eightfold- from its current $1.1 trillion to $8.5 trillion over the next decade. That would nearly double the market capitalization of Nvidia, the world’s most valuable company.
If successful, the deal could add close to $900 billion to Elon Musk’s current fortune of more than $400 billion, cementing the largest executive pay package in corporate history.
As CNN reported, Tesla’s proxy statement also included a shareholder proposal for the company to take a stake in xAI, Elon Musk’s privately held artificial intelligence venture. Such a move would expand Tesla’s AI ambitions while deepening Elon Musk’s control across his business empire, which already includes SpaceX, Neuralink, and X (formerly Twitter).
Earlier this year, Tesla had granted Elon Musk an interim award worth $29 billion in restricted stock, designed to secure his leadership through at least 2030 as the company accelerates its AI-first strategy.
Location :
California, USA
First Published:
September 05, 2025, 18:07 IST
News world From $400 Billion To $1.3 Trillion? Tesla Plan Could Make Elon Musk World’s First Trillionaire
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