Tesla shareholders are set to vote Thursday on a proposed pay package for Elon Musk that could potentially make him the world’s first trillionaire.
The 2025 CEO Performance Award, as outlined by Tesla’s board of directors, would grant Musk up to 423.7 million shares of Tesla stock over the next decade.
However, that package is contingent on the company achieving an ambitious series of operational and financial targets.
The full value of the potential stock grant is estimated at nearly $1 trillion. That eye-popping amount assumes Tesla reaches a market capitalization of $8.5 trillion within the next 10 years, and Musk will not receive the full package without hitting that milestone. However, the compensation package is structured so that Musk will receive substantial awards provided that the company meets certain market capitalization milestones between 2025 and 2035….