Translated with AI
Tesla has offered CEO Elon Musk a new compensation deal that could net him up to $1 trillion over the next ten years if certain conditions are met, Bloomberg reported on Friday, September 5.
According to the agency, this agreement is unprecedented in corporate America. If Tesla shareholders approve the payout package, Elon Musk could become the first living trillionaire.
To receive the maximum amount, Musk must ensure Tesla's market capitalization grows from its current $1 trillion to $8.5 trillion within ten years. Interim targets include selling 20 million electric vehicles, launching 1 million self-driving taxis, selling 1 million Optimus humanoid robots, and increasing adjusted EBITDA from $16.6 billion to $400 billion.
The payout package includes a phased award of an additional 423.7 million Tesla shares to Musk, currently valued at $143.5 billion. Once implemented, Musk's stake in the company will reach at least 25%, increasing his control and voting rights. Currently, the entrepreneur owns approximately 13% of Tesla shares.
The agreement does not limit Musk's hours in the office or place restrictions on his personal time. According to Tesla board chair Robin Denholm, the proposal is intended to motivate Musk and focus his efforts on the company's growth.
The issue of a new agreement will be put to a vote by shareholders at the meeting on November 6, 2025.
