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Tesla Offers Musk Pay Package That Could Make Him First Trillionaire
The Guardian
|September 06, 2025
Elon Musk could become the world's first trillionaire if he hits targets set by Tesla under a scheme disclosed by the electric car company he runs and in which he is the largest shareholder.
Tesla yesterday outlined the terms of the incentive package, unprecedented in corporate history, in a section of its latest stock market update that began: "Yes, you read that correctly."
Musk, the company said, would have to increase the value of Tesla from just over $1tn now to $8.5tn over 10 years.
If he presides over growth on that scale, the 54-year-old will receive new shares that would push his stake in the company from nearly 16% to well beyond 25%, increasing the fortune of the world's richest man to more than $2tn.
Estimates of Musk's current net worth vary, but a live ranking of the wealthiest people on the planet, compiled by Forbes, estimates the South African-born tycoon's fortune to be $430.9bn (£318bn).
The incentive plan, revealed in a filing to the US Securities and Exchange Commission, comes at a time when some observers have questioned whether Musk's political views could be holding Tesla back.
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