Tesla’s board has unveiled a compensation plan called the 2025 CEO Performance Award. If the outlined targets are met, CEO Elon Musk could receive up to $900 billion in Tesla stock, potentially making him the world’s first trillionaire and positioning Tesla as the most valuable company in history.
According to filings with regulators, the package is tied to Tesla’s future market value and profitability. The company is currently valued at about $1.1 trillion, while the plan envisions a ten-year goal of raising its market capitalization to $8.5 trillion. If achieved, Tesla would surpass Nvidia, now the world’s most valuable company at roughly $4.2 trillion, and exceed Microsoft, Apple, and Saudi Aramco.
Beyond market cap, the plan requires Tesla to boost annual operating profit from $17 billion last year to $400 billion. Musk must also deliver on several product milestones: a cumulative total of 20 million vehicles, 10 million active Full Self-Driving subscriptions, 1 million Tesla bots, and 1 million operating Robotaxis.
Board Chair Robyn Denholm and Director Kathleen Wilson-Thompson stressed that retaining Musk is critical to meeting these ambitious targets. If successful, Musk’s stake in Tesla would rise from 13% to about 25%, strengthening his control over the company.
The plan resembles a 2018 compensation package that was struck down earlier this year by a Delaware court. In response, Tesla moved its corporate registration to Texas to reduce potential legal risks.
Shareholders will vote on the proposal at the annual meeting on November 6. Regardless of the outcome, the plan has already drawn significant attention, as it could reshape both Musk’s personal fortune and Tesla’s trajectory over the next decade.