One of the world’s wealthiest men could get significantly richer.

Tesla has proposed a massive new stock-option compensation package for CEO Elon Musk that could net him up to $1 trillion.

The proposed incentive, detailed in a recent filing with the U.S. Securities and Exchange Commission, is tied to a bet that if Musk can increase the value of Tesla from $1 trillion to $8.5 trillion over the next 10 years, he will earn the compensation.

Chair of Tesla’s Board of Directors, Robyn Denholm spoke with Bloomberg Technology , defending the decision.

“Having the Board’s responsibility is to look at who the CEO is for the next period of time, and we believe that Elon is the right CEO for Tesla over this transformative period of time,” Denholm said. “And our view is he’s a generational lea

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