Elon Musk could become the world’s first trillionaire if Tesla hits aggressive targets. Musk could receive shares worth up to 12% of the company if performance goals are met. This pay package, if approved, could make Musk the world’s first trillion-dollar executive. Musk must double Tesla’s market value to $2 trillion to receive his first share package.

Sales of all Tesla vehicles must reach 20 million for Musk to earn all shares. Musk must also expand Tesla’s robot and robotaxi businesses. Musk needs to stay with Tesla for at least 7.5 years to cash out on any stock, and 10 years to earn the full amount. Musk is currently estimated to be worth more than $400 billion by Forbes magazine.

Tesla sales have faced blowback due to Musk’s political affiliations. Tesla sales have fallen in Europe as Musk aligned with a far-right political party in Germany. Sales plunged 40% in July in the 27 European Union countries compared to the previous year. Chinese rival BYD continues to gain market share over Tesla.

Tesla reported a plunge in profits and revenue in the most recent quarter. Investors are concerned about the company’s trajectory after Musk’s political involvement. Even bullish investors are unsure if the new pay incentive will prevent Musk from alienating buyers. A Delaware judge threw out Musk’s previous pay package worth $44.9 billion, but it was later restored and then revoked again.

Tesla is set to hold its annual shareholders meeting on Nov. 6 to vote on the new pay package. Musk would receive more voting power over Tesla under the proposed plan. Musk has said he needed more control to prevent being ousted by activists. If he reaches all goals, Musk would own about a quarter of the company’s shares, up from 13% today. Tesla’s stock rose nearly 3% in afternoon trading.

Read more at Yahoo Finance: New pay package could make Musk that much richer if Tesla thrives