Elon Musk could become the world’s first trillionaire if Tesla’s shareholders approve a new proposal. The proposed share package would grant Musk 423.7 million new Tesla shares, valued at approximately $143.5 billion at current prices, provided specific financial targets are met.
To unlock this massive share package, Tesla’s market capitalization must reach $8.5 trillion in the coming years. Currently, Tesla’s market value stands at $1.1 trillion, significantly lower than Nvidia, the world’s most valuable company, with a market cap of around $4.17 trillion.
In a document sent to shareholders, Tesla revealed that the share plan for Musk includes an investment proposal for xAI, his artificial intelligence company. Notably, Musk acquired Twitter for $44 billion in 2022 and rebranded it as ‘X,’ with xAI now operating under its umbrella.
According to CNN, Musk currently holds 410 million Tesla shares, valued at $139 billion. Combined with his stakes in SpaceX, xAI, and other ventures, his total wealth is estimated at $378 billion, making him the world’s richest person.
In 2018, a previous substantial Tesla share package was deemed illegal and canceled by a U.S. court. Despite this, a significant portion of shareholders continues to express confidence in Musk. He currently controls about 18% of Tesla’s shares.
In December 2024, Tesla’s share price doubled, reaching a record high, but political controversies, labor unrest, and a slump in sales led to a decline. Although the stock has recently shown signs of recovery, it remains about 26% below its peak.
Musk claims that Tesla’s future revenue will come from autonomous vehicles, robotaxi services, and humanoid robots, which he believes will surpass the company’s current car business. However, these projects remain in the experimental phase.
Following the announcement of the new proposal, Tesla’s share price saw a slight increase in pre-market trading.
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