Tesla’s board presented on Friday (5) a salary package for Elon Musk, executive director of the company, which can reach $ 900 billion if he meets several goals, thus making him the first trillionaire in the world.
According to a document presented to the stock market regulator, Musk, which is already the richest person on the planet, would have to multiply for eight – to $ 8.5 trillion – Tesla’s market value for the next decade to receive the total value of the package.
Another condition for the entrepreneur to add $ 900 billion to his fortune – now valued at $ 400 billion, according to Forbes magazine – is that he remains in Tesla for at least another ten years.
In addition, he would have to meet several operational goals, such as overseeing commercial implementation of 1 million autonomous taxis and humanoid robots, and multiplying for more than 24 profits.
However, the announced plan does not impose restrictions on the time Musk dedicates to other companies or any political activities.
Musk is founder of Spacex, a space rocket company, and Xai, which works with artificial intelligence and owns the social network X.
He is also very involved in US politics and this year he worked for several months in the government of President Donald Trump, but broke with the Republican agent. Then Musk even flirted with the idea of creating a new political party.
In 2024, a Delaware State Court annulled the 2018 musk remuneration package, valued at more than $ 50 billion, and claimed that the Tesla board’s approval process was incorrect and unfair to shareholders.
