Elon Musk's new Tesla pay package could hit $1 trillion
Tesla's board is pitching Elon Musk a jaw-dropping $1 trillion compensation plan, but there's a huge catch: he only gets it if Tesla's value jumps from its current value to $8.5 trillion over the next 10 years.
If he pulls it off, Musk could score up to 423.7 million shares—a massive reward tied directly to some seriously ambitious goals.
Musk's leadership is irreplaceable, says board
Even though Musk juggles other companies like SpaceX, Starlink, xAI, and political engagements, Tesla says his leadership can't be replaced.
The board had even talked about finding someone new, but Musk made it clear that he would focus on Tesla full-time—and he wants 25% voting control to keep shaping its future.
This mega-package is all about making sure he stays focused on driving Tesla forward and keeping investors confident in the company's long-term vision.