Core Insights - Elon Musk is on track to become the world's first trillionaire due to a new executive pay package approved by Tesla shareholders, potentially worth nearly $1 trillion in stock over the next decade [1][2]. Group 1: Executive Pay Package - The total compensation for Musk is contingent upon meeting ambitious performance targets, including increasing Tesla's market cap to $8.5 trillion, which represents a more than 500% increase from its current valuation [2]. - The performance goals also include the delivery of 20 million Tesla vehicles, 1 million bots, and 1 million robotaxis in commercial operation [2]. Group 2: Shareholder Perspectives - Tesla's Board expressed confidence in Musk's leadership during a critical phase for the company, emphasizing the need for a strong team and strategy to achieve seemingly impossible goals [3]. - Some shareholders, like Ron Baron of Baron Capital, support Musk's pay package, citing his essential role in Tesla's existence and success [6]. Group 3: Control and Influence - If the plan succeeds, Musk's stake in Tesla could increase from approximately 13% to nearly 29%, granting him significant control while still allowing shareholders to maintain oversight [4]. - Musk indicated that his focus on building a "robot army" necessitates a strong influence over the company, rather than outright control [5]. Group 4: Stock Performance - Tesla's stock experienced a decline of up to 43% between January and March, attributed to Musk's diversion of attention to other ventures, but has since recovered, showing a year-to-date increase of 16% [5].