India, Sept. 6 -- Tesla CEO Elon Musk may be on the road to becoming the world's first trillionaire after the company board unveiled a new pay package proposing $1 trillion in compensation to him. The new pay package has proposed that 12 per cent of the Tesla stocks will go to Musk if all targets of the company are met.

The plan also sets a series of benchmarks that Musk must reach to move forward, including expanding the company's market value to at least $8.5 trillion.

According to a report by CNN, if the move is approved, the package would grant Musk 423.7 million additional Tesla shares, worth approximately USD 143.5 billion at the current stock price. However, this package would be granted if Tesla's Market value reaches $8.5 trill...