KEY POINTS

Under a new proposal, if Tesla reaches certain milestones, Elon Musk could receive over $1 trillion.

For Elon Musk to receive the payout, Tesla would have to reach a market valuation of $8.5 trillion.

Musk must stay at the company for at least 10 years to receive the full payout.

A new pay package proposed by Tesla’s board on Friday could possibly make the company’s Chief Executive Officer Elon Musk the world’s first trillionaire, as long as a series of ambitious corporate goals are met.

In what the company described as an “ambitious plan to retain and incentivize Musk,” the CEO would receive a maximum payout representing an additional 12% stake in Tesla, per The Washington Post. But this payout is contingent on reaching milestones that would raise the company’s market va

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