The Wall Street Journal

Tesla Board Proposes Musk Pay Package Worth as Much as $1 Trillion Over Decade

CEO would receive shares in tranches dependent on milestones including $8.5 trillion market cap

The proposed pay deal for Elon Musk is set to go to a shareholder vote in early November.
The proposed pay deal for Elon Musk is set to go to a shareholder vote in early November. Photo: chip somodevilla/Reuters

Tesla’s board is asking investors to approve a new pay package for Chief Executive Elon Musk that could be worth as much as $1 trillion over the next decade.

The proposed arrangements could see Musk, already the world’s wealthiest individual, awarded installments of shares dependent on Tesla hitting a series of milestones, according to a financial filing published Friday.

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