Elon Musk is looking to expand his giant net worth even more as the Tesla board of directors has offered to add $1trillion to his pockets, RadarOnline.com can reveal.

The proposed plan would be the latest pay package for an executive in history. Article continues below advertisement

Pay Package Explained

In the plan, the world's richest man would get up to 12 percent of Tesla's stock, worth about $1trillion, if the company hits its targets, such as a market capitalization of $8.5trillion as well as other milestones over 10 years.

Tesla's current market value is about $1.1trillion.

"We believe that Elon's singular vision is vital to navigating this critical inflection point," Tesla Chair Robyn Denholm said in a letter to investors. "We also recognize the formidable nature of this

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