• Tesla has just unveiled a monster new pay package for CEO Elon Musk.
• The proposed compensation deal could be worth as much as $1 trillion.
• It features a set of ambitious milestones for Musk, including taking Tesla’s market cap to $8.5 trillion by 2035.

Tesla has just unveiled a massive new pay package for Elon Musk.

The proposed compensation plan, which the EV giant outlined in an SEC filing on Friday, could net Musk as much as $1 trillion — if he can hit a series of ambitious milestones that includes taking Tesla to a $8.5 trillion market cap by 2035.

This is a developing story. Check back for updates.