Tesla’s board earlier this year approved an interim compensation package for CEO Elon Musk worth about US$29-billion in restricted stock.

Tesla Inc.’s TSLA-Q board has proposed a US$1-trillion compensation plan for CEO Elon Musk in what would be the largest corporate pay package in history, underscoring the hold Musk has over the carmaker as it attempts to transform into an AI and robotics powerhouse.

The world’s richest person has consistently said he needs more of a stake in the company, even as a legal battle over his 2018 pay package – then valued at a mere $56 billion – continues.

The regulatory filing puts Musk on a different plane than other technology executives, saying that “traditional compensation packages granted to executives at other companies were determined to not be

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