Tesla CEO Elon Musk could earn as much as USD 1 trillion over the next decade if the company achieves highly ambitious goals, according to documents disclosed Friday. The proposed compensation plan ties rewards to milestones in vehicle production, robotics, AI, and market value.
For Musk to unlock the package, Tesla must reach a USD 2 trillion market cap and deliver 20 million vehicles, compared with fewer than 2 million in 2024. The plan also calls for the rollout of 1 million robotaxis and 1 million AI-powered humanoid robots. Musk must remain with Tesla for at least 7.5 years to claim partial benefits and a decade for the full payout.
The proposal also increases Musk’s voting power within Tesla. Shareholders will vote on the package at the company’s annual meeting scheduled for November 6. A Delaware court earlier struck down Musk’s previous record USD 44.9 billion package, which investors later reinstated.
However, Tesla faces serious challenges. Its shares are down 25 per cent this year, partly due to Musk’s political ties and weak sales in Europe and China. In its latest quarter, profits fell from USD 1.39 billion to USD 409 million, raising investor concerns about future growth.
