Elon Musk in line for trillion-dollar pay package if Tesla hits 10-year goals

Tesla chief executive Elon Musk could be in line for a bumper pay package (Evan Vucci/AP)

Tesla chief Elon Musk could be in line for a payout of one trillion dollars (€850 billion) if his electric car company meets a series of aggressive targets over the next 10 years, according to documents released by the company.

Tesla, which is leaning heavily into robotics and AI, said in a regulatory filing on Friday that the package has a dozen share tranches that include awards for Mr Musk if targets, ranging from car production to the total value of the company, are met over that time period.