EV maker Rivian on Friday said it was giving its CEO a pay plan worth as much as $4.6 billion over the next decade, a deal similar to Tesla’s record package for CEO Elon Musk , and linked to new profit targets and reduced share price milestones.

The move by the Rivian board shows that the Tesla plan for Musk could become a model for companies aiming to grow fast. Rivian’s pay package for its CEO RJ Scaringe could be one of the richest in history, depending on what performance goals are met.

The new compensation package also highlights Rivian’s push to retain its founder and keep him focused on growth and profitability as the automaker, known for its R1S SUVs and R1T pickups , gears up to launch next year its smaller, more affordable R2 SUV that will compete with Tesla’s best-selling

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