Tesla Shareholders Approve Musk's $1 Trillion Pay Package

At Tesla's 2025 Annual Shareholder Meeting held on November 6, shareholders overwhelmingly approved a performance-based compensation package for CEO Elon Musk, potentially worth up to $1 trillion over the next decade, marking the largest such deal in corporate history. The vote passed by a margin of more than three to one, with approximately 75 percent in favor, reflecting strong investor support for Musk's leadership as the company pivots toward artificial intelligence and robotics.

The package grants Musk around 400 million incentive-laden shares, currently valued at about $170 billion, contingent on Tesla achieving ambitious milestones. These include generating $400 million in earnings before interest, taxes, depreciation, and amortization over a 12-month period, alongside operational targets such as delivering 20 million vehicles, operating 1 million robotaxis, and selling 1 million humanoid robots. Analysts project Tesla's 2025 EBITDA at roughly $13 billion, making the initial financial hurdle attainable but underscoring the scale of long-term expectations. Full realization could equate to Musk earning up to $275 million per day if all goals are met, far exceeding the...