Tesla’s board has put forward a compensation proposal for CEO Elon Musk that could be worth as much as US$1 trillion, if the company achieves a series of ambitious performance targets. The unprecedented package, which would be the largest in corporate history, signals Tesla’s belief that Musk is central to its transformation from an electric carmaker into a technology-driven powerhouse.
The payout is expected to be linked to milestones tied to artificial intelligence, autonomous systems, and new growth areas that Tesla sees as defining its future. It follows a $29 billion interim compensation package, approved earlier this year in restricted stock, to ensure Musk remains at Tesla’s helm through at least 2030 as the company pivots to an AI-first strategy.
If shareholders approve, the deal would cement Musk’s role not only as Tesla’s visionary leader but also as the most highly rewarded executive in corporate history, provided he delivers on some of the most audacious goals ever set by a global company.