Tesla has unveiled what may be the most lucrative pay package in corporate history - dangling up to $1 trillion in potential compensation for CEO Elon Musk.
The deal, first reported by Bloomberg, is entirely performance-based and would award Musk about 12% of Tesla’s stock if the company hits a series of aggressive milestones.
Those include boosting Tesla’s market value to more than $8.5 trillion, rolling out fleets of autonomous robotaxis, scaling its humanoid robot program, and dramatically increasing electric vehicle sales.
Musk, already one of the world’s wealthiest individuals, would only receive the full payout if all targets are achieved.
Analysts note that while the numbers are staggering, the offer reflects Tesla’s bet on Musk’s ability to transform the company from an automaker into a broader tech and artificial intelligence powerhouse.
The proposal follows years of legal wrangling over Musk’s earlier $56 billion package, which was voided by a Delaware judge before Tesla shareholders voted to reinstate it this summer.
If approved, the new plan would cement Musk’s place not just as Tesla’s leader, but potentially as the highest-paid executive in history - provided he can deliver on some of the most ambitious promises in the tech world.
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