Tesla is asking shareholders to approve a pay package that would award 423 million shares to CEO Elon Musk if he hits certain milestones.

Tesla outlined its proposed compensation plan for CEO Elon Musk in an SEC filing on Friday. The deal could net Musk as much as $1 trillion.

Last year, Tesla posted roughly $94.83 billion in annual revenue. Notably, the company's sales actually declined roughly 3% year over year in the period -- marking the first-ever annual revenue ...