News Summary

Tesla’s board has unveiled a historic compensation package for Elon Musk, potentially making him the world’s first trillionaire. The plan requires Musk to remain at Tesla for up to a decade and achieve significant milestones, including increasing Tesla’s market value to $8.5 trillion and deploying a million robotaxis and AI robots. This proposal aims to retain Musk’s leadership amid concerns about his other ventures and potential distractions. The package, which will replace a previous plan if an appeal fails, awaits shareholder approval. If successful, Musk’s ownership stake could rise from 13% to 29%.