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Tesla’s board has proposed a new compensation plan for CEO Elon Musk that could make him the world’s first trillionaire if he meets a series of ambitious performance targets.
Elon Musk is set to receive a record $1 trillion pay plan in what would be the largest compensation package ever proposed
The package, composed solely of Tesla shares, awaits shareholder approval in a November 6, 2025, vote.
The board tied Musk’s potential payout to his ability to expand Tesla beyond electric vehicles and into a technology and AI-driven enterprise.
The milestones include advances in autonomous systems, robotics, and artificial intelligence products.
Elon Musk Set to Become World’s First Trillionaire
Under the plan, Musk would be awarded 423.7 million additional Tesla shares, currently valued at about $143.5 billion.
According to securities filings, Musk’s full payout depends on Tesla reaching a $8.5 trillion market capitalization, far exceeding its current $1.1 trillion and almost double Nvidia’s valuation as the world’s top company.
The proposal, outlined in Tesla’s proxy statement, also includes a suggestion for the company to invest in XAI, Musk’s privately held artificial intelligence firm.
Currently, Musk owns 410 million shares in Tesla, carrying a market value of $139 billion.
Such a move would further strengthen Musk’s expanding business empire.
Earlier this year, Musk received a $29 billion package in restricted stock from Tesla, structured to retain him as CEO through 2030 while the company doubles down on AI.
Also Read: Elon Musk’s Status as World’s Richest Person at Risk as Net Worth Shrinks by $76 Billion
Wealth History
Elon Musk has cofounded seven companies, including electric vehicle maker Tesla, rocket manufacturer SpaceX, and artificial intelligence startup xAI.
He currently owns about 12% of Tesla, excluding options, though more than half of those shares have been pledged as collateral for personal loans of up to $3.5 billion.
SpaceX, founded in 2002, was valued at $350 billion in a private share sale in December 2024, with Musk holding an estimated 42% stake.
In 2022, Musk acquired Twitter (renamed X) in a deal worth $44 billion. However, as of August 2024, Forbes estimated its value had dropped nearly 70%.
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Forbes also indicated that X accounts for just 2% of Musk’s fortune, roughly $6.7 billion.
Beyond X, Musk’s wealth is tied to several other holdings. His artificial intelligence firm, xAI, contributes about $27 billion.
His infrastructure startup, The Boring Company, and his neurotechnology venture, Neuralink, are each valued at around $5 billion in his portfolio.
Musk also founded xAI in 2023 and owns about 54% of the company. By November 2024, private investors valued the startup at $50 billion.
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