Tesla Shareholders Approve $1 Trillion Package for Musk
UPDATE: Tesla shareholders have officially approved a groundbreaking compensation package for CEO Elon Musk that positions him to potentially become the world’s first trillionaire. On October 6, 2025, approximately 75% of shareholders voted in favor of the remarkable $1 trillion pay plan, according to reports from CNBC and Business Insider.
This ambitious package is tied to stringent performance milestones Musk must achieve by 2035. To unlock the full payout, he must elevate Tesla’s market capitalization to $8.5 trillion, sell 12 million vehicles annually, and deploy 1 million robotaxis and 1 million humanoid robots. Additionally, Musk is required to remain as Tesla’s CEO for at least 7.5 years, though he will continue to lead SpaceX and xAI, as confirmed by NBC News.
Musk addressed shareholders during Tesla’s annual meeting in Austin, Texas, expressing gratitude for their support. “I super appreciate it. Thank you, everyone,” he stated. “What we’re about to embark upon is not merely a new chapter on the future of Tesla but a whole new book.”
The approval comes after months of contentious discussions among investors. Notably, Norway’s sovereign wealth fund, managed by Norges Bank Investment Management, opposed the package, raising alarms about dilution and excessive dependence on Musk. “While we appreciate the significant value created under Mr. Musk’s visionary role, we are concerned about the total size of the award, dilution, and lack of mitigation of key person risk,” the fund stated.
Despite this dissent, the overwhelming majority vote signals strong investor confidence in Musk’s leadership abilities. Currently, Musk holds a net worth of approximately $461 billion, as indicated by the Bloomberg Billionaires Index.
This approval also comes during a period of heightened public scrutiny over Musk’s political activities and leadership style. Earlier in 2025, protests erupted outside Tesla showrooms as demonstrators reacted to his involvement in President Donald Trump’s Department of Government Efficiency and recent controversial budget proposals.
The implications of this compensation package extend beyond Musk’s personal wealth. It reflects Tesla’s ambitious trajectory and its pivotal role in the electric vehicle market. As the automotive industry evolves, all eyes will be on Musk and Tesla to see if they can meet these monumental benchmarks.
What happens next? Investors will be watching closely to see if Musk can deliver on these ambitious goals, which could redefine the automotive and tech industries. The spotlight on Musk is brighter than ever, and the implications of this vote could resonate throughout Silicon Valley and beyond.
Stay tuned for further updates on this developing story as we monitor Musk’s journey toward unprecedented financial achievement.
