Tesla Proposes $1 Trillion Pay Package for Elon Musk Tied to Extreme Growth Targets

Tesla has unveiled a groundbreaking compensation package for CEO Elon Musk that could ultimately make him the highest-paid executive in corporate history. The new proposal, valued at up to $1 trillion, ties Musk’s potential payout to ambitious performance goals over the next decade.

To claim the full payout, Musk must steer Tesla to an $8.5 trillion valuation, achieve 20 million annual vehicle deliveries, deploy 1 million robotaxis, and generate $400 billion in EBITDA. Shareholders will vote on November 6 as Tesla seeks to retain Musk amid leadership concerns and European market challenges.

Tesla shares rose 2% following the announcement, reflecting investor Optimism despite criticism over the unprecedented scale of the compensation. The package would significantly expand Musk’s stake in Tesla, pushing his ownership to at least 25% of the company.