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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?
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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.
California, USA
September 05, 2025, 18:07 IST
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