Tesla Unveils Astonishing Pay Package That Could Make Elon Musk the World’s First Trillionaire

(Jeffrey Phelps/AP photo)

If all goes according to plan, Tesla billionaire and former “first buddy” Elon Musk’s wealth could soar like one of his SpaceX rocket ships.

Tesla’s board pitched a generous pay package Friday that would add a whopping $900 billion to Musk’s net worth if he’s able to increase the automaker’s stock market value eightfold, The New York Times reported.

The bold pay package would make Musk, who left President Donald Trump’s administration in May, the world’s first trillionaire.

The eye-opening amount would be in Tesla shares, and leave Musk with ownership of 29 percent of the company, the Times reported.

The deal comes with several caveats, according to the Times:

Mr. Musk would have to remain at Tesla for at least seven and a half years to cash in any of the shares, and 10 years to earn the full amount. He would also have to meet various very ambitious operational milestones, including overseeing the commercial deployment of one million autonomous taxis, one million robots and a more than 24-fold increase in profit.

Musk is currently worth over $435 billion, according to Forbes.

While his time at the White House with Trump is done, Musk has been vocal against his former boss, at one point announcing his own political party — a plan that quickly fizzled.

He also notably posted opposition to Trump’s Big Beautiful Bill on his X platform in June, calling it an “abomination.”