Tesla CEO Elon Musk stands to earn a staggering $1 trillion over the next decade, according to newly released company filings outlining an ambitious compensation plan.
In a Securities and Exchange Commission regulatory filing, Tesla’s board of directors is requesting that shareholders approve a new executive pay structure, which could be valued at up to $1 trillion, making it one of the largest executive pay packages in U.S. corporate history.
“Yes, you read that correctly,” board members said in a Sept. 5 letter to shareholders. “In 2018, Elon had to grow Tesla by billions; in 2025, he has to grow Tesla by trillions — to be exact, he must create nearly $7.5 trillion in value for shareholders for him to receive the full award.”…