Tesla Shareholders Approve Elon Musk’s $1 Trillion Pay Package
Tesla shareholders have approved an extraordinary $1 trillion compensation plan for CEO Elon Musk. The payout, set to take full effect by 2035, depends on the company achieving ambitious financial and production milestones.
If Tesla meets these targets, Musk’s ownership stake could rise to around 25 percent, compared to the 12 percent he currently holds. More than three-quarters of shareholders supported the measure during a preliminary vote.
“Look at us, this is sick,” said Musk while celebrating onstage at Tesla’s Gigafactory in Austin, Texas, flanked by two dancing Optimus humanoid robots.
To achieve its goals, Tesla must expand its dominance beyond electric vehicles into autonomous driving technology and advanced robotics. Success will require outperforming global competitors and proving that its Optimus robots can serve practical functions beyond entertainment.
“Tesla will have to be the market leader not just in the US but also Europe and other regions,” noted Seth Goldstein, senior equity analyst at Morningstar.
Author’s Summary
Shareholders’ approval of Elon Musk’s massive $1 trillion pay plan signals confidence in Tesla’s long-term expansion into robotics, autonomy, and global leadership.