Tesla Shareholders Bless Elon Musk's Unprecedented $1 Trillion Pay Package

Sat Nov 08 2025 14:31:24 GMT+0200 (Eastern European Standard Time)

In a historic decision, Tesla shareholders have approved Elon Musk's remarkable $1 trillion pay deal, contingent upon his ambitious growth targets for the company over the next decade.

Elon Musk's record-breaking compensation package, potentially worth $1 trillion, received overwhelming support from Tesla shareholders, with 75% voting in favor. The deal requires Musk to increase Tesla’s market value significantly while achieving numerous ambitious benchmarks. Despite criticisms of the plan, Tesla's board believes retaining Musk is crucial for the company's future as he aims to transition the firm from electric vehicles to humanoid robotics.

Tesla boss Elon Musk has had a record-breaking pay package that could be worth nearly $1 trillion (£760 billion) approved by shareholders.

The unprecedented deal was approved by 75% of votes and drew huge applause from the audience at the firm's annual general meeting. Musk, who is already the world's richest man, must drastically raise the electric car firm's market value over 10 years. If he does this and meets various targets, he will be rewarded with hundreds of millions of new shares.

The scale of the potential payout has drawn criticism, but the Tesla board argued that Musk might leave the company if it was not approved - and that it could not afford to lose him.

Following the announcement, Musk took to the stage in Austin, Texas and danced to chants of his name.

What we're about to embark upon is not merely a new chapter of the future of Tesla, but a whole new book, he said.

Other shareholder meetings are snoozefests but ours are bangers. Look at this. This is sick, he added.

The milestones Musk must achieve over the next decade include:

Delivering 20 million Tesla vehicles and one million robots
Getting 10 million subscriptions to Tesla's Full Self-Driving feature
Bringing one million self-driving Robotaxi vehicles into commercial operation
Earning up to $400 billion in core profit
Eventually lifting Tesla's overall market value to $8.5 trillion, currently $1.4 trillion

He won't receive a salary under the agreed deal.

But meeting all the above milestones would see him awarded a stock grant of more than 400 million additional Tesla shares - worth around $1 trillion if the firm's market value is raised high enough.

Musk's early remarks on Thursday placed the spotlight on the Optimus robot, dashing the hopes of some analysts who want him to focus on reviving the company's electric vehicle business.

Optimus, unveiled as a prototype by the company in 2022, is designed to be an autonomous humanoid robot performing unsafe, repetitive or boring tasks.

Using the same artificial intelligence (AI) systems as those powering Tesla vehicles, it has been championed by Musk as central to his firm's future.

However, Tesla faces stiff competition in the robotaxi industry from rivals like Waymo.

In recent weeks, members of Tesla's board of directors have helped lobby for Musk's new pay package with a marketing blitz that riled some corporate governance experts.

Despite the excitement, the future remains uncertain for both Musk and Tesla, as analysts weigh the balance of Musk's ambitious vision against the company’s current operational challenges.

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