Tech billionaire Elon Musk faces a series of difficult hurdles in becoming the world’s first trillionaire after the board of Tesla set the mammoth task of boosting the company’s market value.

Tesla shareholders will vote at the company’s annual general meeting on whether the electric vehicle maker will give Musk a compensation package worth US$1 trillion ($1.54 trillion).

The tech billionaire needs to boost Tesla’s market value from its US$1.5t value, which it currently sits at, to US$8.5t in 10 years.

Musk will also need to oversee a massive boom in car sales and tech development to guarantee he receives 423.7 million Tesla shares.

These shares will be worth US$1t if the company is valued at US$8.5t in a decade.

Loftus Peak head of research Raymond Tong said Tesla’s goal for Musk was

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