Elon Musk, the world’s richest man, might soon become even richer. Tesla has proposed a huge 10-year pay package worth 1 trillion dollars for him. If this plan is approved, Musk’s share in Tesla will almost double from 13 percent, possibly making him the world’s first trillionaire.

To get an idea of how big this amount is, one trillion dollars is more than the total income of countries like Singapore, Switzerland, and Sweden. Tesla shareholders will soon meet in Texas to vote on this plan. If it goes through, Musk will get the money in shares and stock options as Tesla reaches certain targets.

Tesla says this plan rewards Musk for his key role in helping the company grow. The goal is to make Tesla worth around 8.5 trillion dollars and earn 400 billion dollars in profits over the next ten

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