Tesla has proposed a massive new $1 trillion compensation package for its CEO Elon Musk, and many of the benchmarks he needs to hit are simply watered-down versions of promises he’s spent years making about the company.

That’s not the picture Tesla’s board of directors paints in the company’s annual proxy statement , where they revealed the proposed pay package. Instead, the board focuses on how it plans to create “the most valuable company in history.”

To be sure, if Tesla accomplishes all that it aims for with this deal, it will look like a much different company at the end of the 10-year period it covers. That doesn’t change the fact that the milestones the company is asking Musk to aim for are less ambitious than his own previously-stated goals.

While the unprecedented pay package

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