Under the agreement, Musk, already the richest person in the world, will need to significantly increase Tesla's market value and meet other performance targets over the coming years. If he successfully meets the conditions, he could earn hundreds of millions of new shares in the company.
This potential payout could make him the first trillionaire in history. In early October, Musk already became the first person whose net worth reached $500 billion.
Elon Musk has previously stated that Tesla's growth potential is limitless and that the company could become the most valuable in the world if it realizes its ambitious plans in autonomous driving and artificial intelligence. He also hinted at the possibility of stepping back or reducing his involvement in the company if his stake is not increased to a level where he can determine Tesla's future.
