Tesla shareholders have approved Elon Musk’s unprecedented $1 trillion compensation package, cementing the billionaire’s position as one of the most powerful figures in corporate history.
The vote, held at Tesla’s annual general meeting in Austin, Texas, saw over 75 percent of shareholders back the performance-based pay deal.
The package, the largest ever granted to a CEO, ties Musk’s potential earnings to ambitious growth targets — including massive gains in Tesla’s market valuation, full self-driving technology rollout, and large-scale deployment of robotaxis.
The deal revives a previous pay plan that had been voided by a Delaware court earlier this year over governance concerns.
With the new approval, Musk could become the world’s first trillionaire if Tesla achieves the required milestones.
While supporters argue the deal aligns Musk’s rewards with Tesla’s long-term success, critics warn it could further concentrate power in his hands and dilute shareholder value.
Several major institutional investors, including Norway’s sovereign wealth fund, voted against the package, citing concerns about its size and transparency.
Musk, who takes no base salary, said the approval reflects investors’ faith in Tesla’s innovation roadmap, especially in areas like AI, autonomous vehicles, and clean-energy solutions.
Tesla shares rose slightly after the announcement, as markets reacted to renewed confidence in the company’s leadership and bold future ambitions.
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