It’s official: Elon Musk is on track to become the world’s first trillionaire.

Tesla shareholders approved a new executive pay package Thursday afternoon that would give Musk nearly $1 trillion in stock over the next decade, a record-shattering deal for the world’s richest man.

The total award depends on whether Musk can meet ambitious performance targets for the struggling electric-vehicle company , including growing Tesla’s market cap to $8.5 trillion—a more than 500% increase from today’s valuation. The goals also include delivery of 20 million Tesla vehicles and 1 million bots in addition to 1 million robotaxis in commercial operation.

“While we believe Elon is the only person capable of leading Tesla at this critical inflection point, changing the world is neither an overnight p

See Full Page