NEED TO KNOW

Elon Musk could go from billionaire to trillionaire if Tesla shareholders enact proposed payment changes

In order to reap the full reward, Tesla executives say he'll need to increase Tesla's worth by nearly $7.5 trillion

Board members cited the rapid development of AI technologies, as well as competition for talent, as drivers for the new payment plan in an effort to keep Musk at the helm

Elon Musk , the Tesla CEO whose net worth already tops $436 billion, could become a trillionaire if his electric car company enacts changes that were proposed this week.

Tesla's board suggested the new pay package on Friday, Sept. 5, the New York Times reported. But Musk would have to raise the company's stock market value from about $1.1 trillion to $8.5 trillion in order to rece

See Full Page