Tesla Shareholders Approve Elon Musk’s USD 1 Trillion Pay Package

Tesla shareholders voted to approve CEO Elon Musk’s compensation plan, the largest in corporate history, granting him stock awards worth as much as USD 1 trillion over the next decade. The proposal received over 75% support at the company’s annual meeting in Austin, Texas.

The plan links Musk’s payouts to a series of performance and valuation milestones, including Tesla reaching a market value of up to USD 8.5 trillion and making major progress in autonomous vehicles, robotaxis, and humanoid robots. The Board had warned that Musk might leave without the plan’s approval. Shareholders also re-elected three directors and endorsed annual elections for all board members. Some large investors, including Norway’s sovereign wealth fund, opposed the package, while others viewed it as necessary to retain Musk and align incentives with long-term growth.