Tesla has proposed a new compensation plan for CEO Elon Musk that could pay him up to $1 trillion if he meets ambitious targets over the next decade.
The plan, detailed in an SEC filing, requires Tesla to reach an $8.5 trillion market cap, deliver 20 million cars, produce one million Optimus robots, deploy one million robotaxis, gain 10 million Full Self-Driving subscribers, and grow EBITDA to $400 billion.
The package, paid in tranches, also includes developing a CEO succession framework and would tie Musk to the company for at least 10 years.
Shareholders will vote on the plan in November, Business Insider has reported.
The proposal follows a court-struck $46.8 billion pay package and comes amid Tesla’s global sales slump and a 16% drop in its stock this year.
