BIG TECH_ Tesla Shareholders Approve Elon Musk’s $1 Trillion Pay Package

THE EPOCH TIMES

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

The deal will help keep Elon Musk as the company’s CEO for the next decade.

Tesla CEO Elon Musk speaks during the official opening of the new Tesla electric car manufacturing plant near Gruenheide, Germany, on March 22, 2022. Christian Marquardt/Getty Images

Austin Alonzo
Reporter
11/6/2025|Updated: 11/6/2025


Tesla shareholders approved CEO Elon Musk’s historic pay package on Nov. 6, potentially making him the world’s first trillionaire if all performance targets are met.

On Nov. 6, the results of the executive pay vote were announced during the technology company’s annual general meeting at the Tesla Gigafactory in Austin, Texas. With more than 75 percent of the vote, the measure was approved by the shareholders.

The 2025 CEO Performance Award grants Musk up to 423.7 million shares over the next decade.The compensation is tied to ambitious operational and market capitalization milestones.

The full value of the plan is estimated at nearly $1 trillion, contingent on Tesla reaching a market capitalization of $8.5 trillion by 2035. The company is currently valued at about $1.5 trillion based on the total value of the company’s outstanding shares.

The package is structured in 12 tranches. Each is linked to both market capitalization and operational objectives. These goals include delivering 20 million vehicles, securing 10 million full self-driving subscriptions, producing 1 million humanoid robots, and operating 1 million robotaxis.

Supporters emphasized Musk’s critical role in Tesla’s growth beyond electric vehicles into autonomous systems and artificial intelligence. In open letters, notable supporters, including Ron Baron, founder of Baron Capital, and Dennis Lynch, head of Counterpoint Global, said Musk’s vision and execution are central to Tesla’s long-term success.

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READ MORE: https://www.theepochtimes.com/business/tesla-shareholders-approve-elon-musks-1-trillion-pay-package-5941150?ea_src=frontpage&ea_med=section-1

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