Sept 5 (Reuters) - Tesla's board has proposed a

new compensation plan for CEO Elon Musk valued at about $1

trillion upon achieving certain lofty targets.

The proposed package, which would be the largest in

corporate history if approved, underscores Tesla's bet on Musk

to steer its transformation from a carmaker into a technology

powerhouse.

The plan is expected to be tied to ambitious performance

milestones, including growth in AI-driven products and

autonomous systems.

Tesla's board earlier this year approved an interim

compensation package for CEO Elon Musk worth about $29 billion

in restricted stock, designed to keep him at the helm through at

least 2030 as the company pivots to an AI-first strategy.

(Reporting by Akash Sriram in Bengaluru; Editing by Shreya

Biswas and Anil D'Silva)