Elon Musk may become the first trillionaire if Tesla meets ambitious 10-year targets on car production, AI, and market value.
AUSTIN: Tesla CEO Elon Musk could become the world’s first trillionaire, according to newly released Tesla filings detailing a massive performance-linked payout package. If achieved, the compensation would be based entirely on stock awards tied to a range of futuristic business goals set over the next 10 years.
The plan, proposed ahead of a November 6 shareholder vote, outlines several milestones for Tesla—including delivering 20 million electric vehicles, achieving a market valuation of $2 trillion, and deploying 1 million robotaxis and 1 million AI bots. Tesla’s 2024 delivery stood at under 2 million vehicles, indicating how ambitious the roadmap is.
To qualify for the full package, Musk must remain with Tesla for 10 years, and stay on for at least 7.5 years to unlock any portion of the deal. If all milestones are met, the reward could be valued at nearly $975 billion, all in Tesla stock.
This package, if approved, will also increase Musk’s voting power and influence within the company. Tesla says the deal is structured to drive long-term innovation in AI, robotics, and next-generation transport.
Tesla’s previous compensation package for Musk—worth $44.9 billion—was reapproved in 2024 after a legal setback. The new plan aims to secure investor backing and demonstrate Tesla’s continued commitment to transformative technologies.
According to Forbes, Musk’s current net worth exceeds $400 billion, and the company sees this new plan as both a retention strategy and a bold bet on Tesla’s long-term vision.
