$ltr package: What Musk must do to earn it and what he could do with it

From every house in Hawaii to America’s oil giants, Tesla CEO can buy almost anything

- BY NIVETHA DAYANAND

Tesla shareholders have approved a compensation plan that pushes Elon Musk into an economic category no corporate leader has entered before.

If he meets the targets set over the next decade, the Tesla CEO would unlock stock awards worth $1 trillion, putting his personal wealth above the annual output of many advanced economies and raising questions about what such a figure even represents.

The award is structured across twelve tranches, each tied to operational and financial achievements. The first will be released only when Tesla reaches a valuation of $2 trillion, up from roughly $1.5 trillion today. Musk must also oversee the delivery of 20 million vehicles, deploy one million robotaxis, introduce one million humanoid robots, and help generate up to $400 billion in core profit before the final tranches can vest.

Tesla acknowledged the difficulty of the plan, noting in its proposal that the milestones “will be extraordinarily difficult and challenging for Tesla, and for Musk personally.” The package requires him to remain committed to the company for at least 7.5 years.