Tesla Inc’s board is preparing to put forward a new compensation plan for Chief Executive Elon Musk that could, if approved and achieved, make him the world’s first trillionaire.
The proposal, known as the 2025 CEO performance award, would grant Musk up to $900 billion in Tesla stock. Shareholders are expected to vote on the plan at the company’s annual general meeting on Nov. 6, 2025.
The package comes with demanding conditions. Musk would only receive the payout if Tesla meets a series of steep performance benchmarks, including raising the company’s market capitalization from its current $1.1 trillion to $8.5 trillion within the next decade. For comparison, Nvidia, currently the world’s most valuable company, is valued at about $4.2 trillion, while Microsoft stands at $3.8 trillion.
“Over the next ten years, Musk must raise [Tesla’s market value] to $8.5 trillion to get his massive payout,” the proposal states.
In addition, Tesla must boost annual operating profit from $17 billion in 2024 to $400 billion, achieve 20 million cumulative vehicle sales, and secure 10 million monthly subscribers for its Full Self-Driving software. The targets also include the deployment of one million Tesla Bots and one million Robotaxis.
If achieved, Musk’s ownership stake in Tesla would rise from 13% to around 25%, giving him greater control over the electric vehicle maker.
Source: The New York Times
