The Tesla Board of Directors announced yesterday that it had established a new pay package for CEO Elon Musk, as it believes it is “critical” to secure his long-term commitment to the position.

However, the Board made it clear about Musk’s political involvement in its proxy filing, which announced the new pay package, and it seems the company is addressing it directly.

Elon Musk’s new pay plan ties trillionaire status to Tesla’s $8.5 trillion valuation

The proxy announced the massive pay package, which could give Musk $1 trillion if he achieves various goals that would help Tesla grow as an automaker, energy provider, and in the Robotics and AI sectors.

There are also some details about the Board’s decision, which we went over yesterday, as it felt that Musk was the right person to con

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