The Globe and Mail reports in its Saturday edition that Tesla's board has proposed a $1-trillion compensation plan for chief executive officer Elon Musk, underscoring the hold Mr. Musk has over the carmaker as it attempts to transform into an artificial-intelligence and robotics powerhouse (all figures U.S.). The world's richest person has consistently asked for a bigger stake in the company to gain more control, even as a legal battle over his 2018 pay package -- then valued at a mere $56-billion -- continues. The newly proposed award is roughly 18 times the size of the contested plan and is close to the company's current market valuation. The proposal highlights the board's confidence in Mr. Musk's ability to steer the company in a new direction while reigniting growth, even as it loses ground to Chinese rivals in key markets amid softening EV demand. While bold compensation tied to performance is nothing new, the sheer scale of the proposal sets a new bar for CEO incentives. The proposed plan would grant Mr. Musk up to 12 per cent of Tesla's stock, worth about $1.03-trillion if the company hits its target market value of $8.6-trillion. The plan requires boosting Tesla's valuation eightfold over the next decade.