Elon Musk Wins Tesla Shareholder nod for $1 Trillion Pay Deal

Tesla, Inc. shareholders have given overwhelming approval—over 75 percent—for the massive compensation plan proposed for CEO Elon Musk, potentially worth up to US $1 trillion over the next decade. The landmark vote, held at the company’s annual meeting in Austin, Texas, marks what may become the largest corporate pay package in history.

Key Highlights

• Tesla shareholders approve Elon Musk’s record $1 trillion pay package tied to ambitious performance milestones.
• The compensation plan links Musk’s rewards to Tesla’s market growth, robotaxi rollout, and AI-driven innovation.

The package ties Musk’s reward to an ambitious set of performance milestones, including driving Tesla’s market value to $8.5 trillion, delivering 20 million vehicles annually, launching 1 million robotaxi units, and selling 1 million humanoid robots. Even though the headline figure is $1 trillion, after accounting for stock-value adjustments the net value of the award is estimated at around $878 billion.

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Despite the endorsement, some institutional investors voiced concerns. The Government Pension Fund of Norway, one of Tesla’s larger shareholders, opposed the plan citing its size, dilution risk, and the heavy reliance on one individual. Nevertheless, the vote underscores shareholder confidence in Musk’s long-term vision for Tesla as a leader in both electric vehicles and artificial intelligence-driven robotics.

Elon Musk, already one of the world’s wealthiest individuals, will only receive full benefit under this plan if the stringent goals across product launches, earnings, and company valuation are met within the defined timeframe.