Elon Musk potential $1 trillion pay package approved by Tesla

Elon Musk could be on course for a pay package worth as much as $1 trillion over the next decade — but only if Tesla delivers on an aggressive set of production, valuation and technology milestones approved by shareholders.

The plan, one of the most ambitious compensation structures in corporate history, ties Musk’s rewards to targets that would require Tesla to far exceed its historical performance. A central requirement is for the automaker to produce 20 million vehicles over the next 10 years — more than double the total it has manufactured since inception.

The company must also significantly increase its market capitalisation and operating profits over the same period.

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Another major component of the package is the rollout of one million AI-powered humanoid robots, even though Tesla has not yet commercialised any units. Musk is further expected to present a succession plan identifying who could eventually replace him as CEO.

If Tesla meets each milestone, Musk’s ownership stake could rise from 13% to almost 29%. Even if the company falls short on some targets, the world’s richest man — whose net worth Forbes puts at $493 billion — stands to benefit substantially.

Despite his current wealth, Musk remains below the inflation-adjusted fortune of industrialist John D. Rockefeller, who had an estimated net worth of about $630 billion in 1913.