
05/09/2025
Elon Musk is primed to become the world's first trillionaire.
This comes after the board of the publicly listed Tesla automotive company today proposed a $1-trillion pay package for Musk.
However, there are conditions before Musk would be able to earn this remarkable paycheck.
According to a filing with the United States Securities and Exchange Commission (SEC) Elon Musk would have to grow Tesla's market value eight fold over the next ten years before the full value of the package can be payable.
The package itself would be payable in $1-trillion worth of Tesla shares.
The Tesla board of directors will now vote on the proposed pay package for Elon Musk at a annual meeting set down for November the 6th.
The South African born Elon Musk, now a citizen of the United States, is already worth just over $400-billion or just over R7-trillion.
Tesla itself has a current market value of $1.1-trillion and the board is now daring Musk to grow this value to around $8.5-trillion over the next 10-years to realize the bumper paycheck.
Other Tesla targets Elon Musk has to reach before the payout can be made is for Tesla to have at least one million autonomous and humanoid robots combined on the ground while also increasing Tesla profits 24-fold.
Should Musk be able to achieve these ambitions, his pay package would be the biggest ever in the history of the business world.
Follow The Legal SA for more news and updates.