Tesla put forward a new proposal Friday that could make Elon Musk a trillionaire as the electric vehicle (EV) maker seeks to keep its CEO focused on the firm as the AI race heats up.

The proposal would give the world’s richest person some 423 million shares in the company if Tesla meets a series of milestones in the next 10 years, including growing the firm’s market capitalization to an ambitious $8.5 trillion.

Under these conditions, the pay package would be worth about $1 trillion, boosting Musk from multibillionaire to the world’s first trillionaire.

The proposal, which still requires the approval of Tesla shareholders, comes as some have worried in recent months about Musk’s focus on the company.

The tech mogul, who also owns X, SpaceX, Neuralink and the Boring Company, added politics to his already packed portfolio earlier this year, when he briefly took on a role in the........

© The Hill