Tesla's board has proposed a pay package for Elon Musk that could amount to $1 trillion over the next decade, contingent on the company achieving specific market capitalizations and business milestones. If approved, the deal would grant Musk an additional 12% stake in Tesla, significantly increasing his current holdings and aligning his incentives with long-term shareholder value.

Tesla's chair expressed uncertainty regarding the approval of Elon Musk's controversial pay package, highlighting concerns from shareholders and the potential implications for the company's governance. The situation is complicated by ongoing discussions about executive compensation and company performance metrics.