Tesla CEO Elon Musk could be in line for a payout worth $1 trillion if the electric carmaker achieves a series of highly ambitious goals over the next decade, according to documents released by the company.

Tesla, which is increasingly focusing on robotics and artificial intelligence, stated in a regulatory filing on Friday that the compensation plan comprises 12 tranches of stock awards tied to performance milestones spanning vehicle production to overall market value.

Among the earliest benchmarks, Tesla would need to reach a $2 trillion market capitalization and deliver 20 million vehicles. The company delivered fewer than 2 million vehicles in 2024. The plan also requires the deployment of 1 million robotaxis and the delivery of 1 million AI-powered humanoid robots.

Musk must remain with Tesla for at least seven and a half years to cash out on any stock awards, and for the full 10 years to receive the entire package.

If approved, the plan would also increase Musk’s voting power over Tesla. The company is scheduled to hold its annual shareholder meeting on Nov. 6. At its last meeting in June 2024, investors reinstated Musk’s record $44.9 billion pay package, which had previously been struck down by a Delaware judge.

One condition of the final two tranches requires Musk to present a framework for CEO succession.

The goals laid out are extremely ambitious, especially given Tesla’s recent struggles. The company’s stock has fallen 25 percent this year, pressured by Musk’s political alignment with President Donald Trump and intensifying competition from both US automakers and Chinese rivals.

Tesla’s sales in Europe have collapsed since Musk associated himself with a far-right political party in Germany. Sales plunged 40 percent in July across the 27 European Union countries compared with a year earlier, even as overall EV sales in the region surged, according to the European Automobile Manufacturers’ Association. By contrast, Chinese rival BYD boosted its share of total car sales in the bloc to 1.1 percent in July, while Tesla’s slid to 0.7 percent.

Financially, Tesla reported a steep drop in profit last quarter, plunging from $1.39 billion a year earlier to $409 million. Revenue also fell short of already lowered Wall Street expectations.

Investor anxiety has mounted as Musk spends increasing amounts of time in Washington, where he has become a prominent member of the Trump administration in its effort to reduce the size of the U.S. government.

Last month, Tesla granted Musk $29 billion in stock as recognition for what it described as years of “transformative and unprecedented” growth, despite the recent political controversies that have weighed on sales, profits, and its share price. That award came eight months after a judge struck down Musk’s 2018 pay plan for a second time, a ruling Tesla has since appealed.

The company said the new grant was a “first step, good faith” measure to retain Musk and keep him focused on Tesla, citing his leadership at SpaceX, xAI, and other ventures. Musk has argued that he needs more shares and voting control to prevent shareholder activists from ousting him.