Tesla’s board today proposed a pay package that could make CEO Elon Musk the world’s first trillionaire as long as he meets a series of very ambitious corporate goals.

Musk, already the world’s richest person, would have to increase Tesla’s stock market value eightfold over the next decade to collect the full value of the package, according to a securities filing.

All the compensation would be in the form of Tesla shares. The package, which must be approved by the company’s shareholders, is expected to be put to a vote at an annual meeting Nov. 6.

Musk has a net worth of more than $400 billion, according to Forbes. The new pay could add around $900 billion to that fortune if he succeeds in raising Tesla’s stock market value to $8.5 trillion from about $1.1 trillion today. It would be by

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