Tesla offers Elon Musk a trillion-dollar pay package

CEO will have to increase the value of his electric car company from just over $1tn to $8.5tn over 10 years

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Elon Musk could become the world’s first trillionaire if he hits targets set by Tesla, under a scheme disclosed by the electric car company he runs and in which he is the largest shareholder.

Tesla outlined the terms of the incentive package, unprecedented in corporate history, in a section of its latest stock market update that began: “Yes, you read that correctly.”