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The Guardian - UK
The Guardian - UK
Technology
Rob Davies

Tesla offers Elon Musk a trillion-dollar pay package

He smiles broadly
If Elon Musk hits his target, he would receive new shares that would push his stake in Tesla to 25%. Photograph: Mike Blake/Reuters

Elon Musk could become the world’s first trillionaire if he hits targets set by Tesla, under a scheme disclosed by the electric car company he runs and in which he is the largest shareholder.

Tesla outlined the terms of the incentive package, unprecedented in corporate history, in a section of its latest stock market update that began: “Yes, you read that correctly.”

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