Tesla proposes trillion-dollar compensation package for CEO Elon Musk

The governing board for the electric carmaker Tesla has put forward a pay package for CEO Elon Musk that could make him the world's first trillionaire -- but only if he meets a series of high-performance standards over the next 10 years. The proposal became public on Friday, as part of the company's regulatory filings. Musk is already considered one of the world's wealthiest businessmen, and one of his eye-popping pay packages from 2018 continues to be the subject of a legal battle. But if approved, the latest proposal would likely be the largest corporate pay package in United States history. Tesla shareholders will vote on the compensation scheme on November 6.