Elon Musk, the world’s richest person (for now), is back in the spotlight, but not for the reasons he might like. Tesla is once again asking shareholders to approve a record-breaking $56 billion pay package for their CEO a deal that was already struck down by a judge in January.

This hefty compensation plan doesn’t involve a salary or bonus. Instead, it hinges on Tesla’s stock performance. If the electric carmaker reaches a market cap of $650 billion within a decade, Musk unlocks a massive payout. That’s a big “if,” considering Tesla’s stock has dipped recently, and the company is facing its lowest EV deliveries since 2022.

So, what’s the controversy? Critics argue the initial deal was unfair to shareholders. The judge who blocked it felt Tesla’s board, perhaps dazzled by Musk’s celebrity, didn’t properly explain the terms to investors. Tesla, however, maintains Musk deserves the reward for his leadership in growing the company into a clean energy powerhouse. They point out he hasn’t taken a salary in six years and is already immensely wealthy.

This re-vote comes at a crucial time for Tesla. Not only are they facing production challenges, but Musk’s reputation has taken some hits after car recalls, social media controversies, and a turbulent year for Tesla overall.

The question remains: will shareholders approve the record-breaking pay package? Only time, and their vote, will tell. But one thing’s for sure, the world’s richest person isn’t done making headlines.