Elon Musk’s fate at the Tesla empire will soon be decided.

Tesla shareholders could soon give CEO Elon Musk, the richest man on the planet, the chance to become the world’s first trillionaire, or risk him leaving the electric car empire entirely, CNN reported.

Musk’s new compensation package is a key item that will be voted on at Tesla’s annual shareholder meeting this Thursday afternoon. Shareholders have generally approved Musk’s compensation packages in the past, but this year there’s an added risk: The company warned in September that Musk “has raised the possibility that he could pursue other interests” if this package is rejected.

The compensation is expected to come in the form of stock grants that would allow Musk to receive up to 423.7 million additional Tesla shares over the next 10 years. Those shares would be worth about $1 trillion, assuming the company reaches a market capitalization of $8.5 trillion, the level needed for Musk to qualify for the full potential award.

In addition to raising Tesla’s market capitalization to the aforementioned level over the 10-year period, the company must also meet a series of operational or financial targets for him to receive the full option package.

For Tesla to reach a market capitalization of $8.5 trillion, it would have to increase its value by 466% from its current share price. That would also be about 70% more than the world’s current most valuable company, Nvidia, which hit a record $5 trillion market cap last week.

However, Tesla’s financial situation has been quite shaky since the beginning of the year: Sales and profits plummeted in the first half of the year, and there are big headwinds ahead due to the US cutting subsidies for electric vehicles.

Still, Musk and Tesla executives downplayed those concerns, saying Tesla is shifting its focus from selling pure electric cars to selling self-driving cars, including a fleet of “robotaxi” vehicles, along with humanoid robots.

But these products and ideas are still in development and not yet available for sale, so even if the compensation package is approved, Musk may not actually receive those hundreds of millions of potential shares. He will have to fix the company’s problems first, and start making good on its big promises for the future.

Musk himself, as well as some Wall Street analysts and investors, believe the company is on track to hit $8.5 trillion and beyond, thanks to its shift in focus from selling electric cars to selling self-driving cars, humanoid robots, and “robotaxi” fleets of rides.

Still, Musk’s fans insist he is key to the company’s future, making them even more convinced that the compensation package needs to be approved.

“Shareholders will overwhelmingly support Musk because he is Tesla’s most important asset,” said Dan Ives, an analyst at Wedbush Securities and one of the most bullish Tesla analysts on Wall Street. “Tesla needs Musk to lead the company into the future of autonomous driving and robotics.”

Even those who don’t support Musk’s vision have little doubt the compensation package will pass. In the most recent vote on his compensation, 84% approved.

“I think it will pass no matter what,” said Ross Gerber, CEO of Gerber Kawasaki Wealth & Investment Management, an early major Tesla shareholder who is now a fierce critic of Musk and the company.

275 million USD per day

Gerber described some of the operational and financial targets tied to the compensation package as “easy targets.” He also questioned the size of the bonus package, regardless of how well the company and its stock price might perform in the future.

“Let’s say you get $1 trillion over 10 years, that’s $275 million a day,” he said, averaging out how much Musk would earn each day if the plan went as planned. “I don’t see how anyone on earth could consider that fair to shareholders,” he said.

Several investment funds have already announced their opposition, including Norway’s giant sovereign wealth fund, Norges Bank Investment Management. Public pension funds in California, New York, and elsewhere in the United States have also spoken out and called for a “no” vote; some of them have voted against it in the past.

Two influential consulting firms, Glass Lewis and ISS, also recommended that institutional investors vote against the option, arguing that Musk’s options would dilute shareholders’ ownership.

“The performance targets in (Musk’s proposed compensation package) are in many cases vague, undemanding, and subject to significant board flexibility,” Glass Lewis wrote in a no-vote recommendation.

Musk attacked both companies during a recent investor call, calling them “corporate terrorists.” He added that their influence over some of the hedge funds that hold shares and vote is why he needs a larger stake in the company.

“It’s not like I’m going to spend the money,” Musk said at the meeting. “There needs to be enough voting power to give me a strong influence, but not so much that I can’t be fired if I lose my mind.”