Tesla shareholders approve Elon Musk’s $1 trillion compensation package deal

Tesla’s shareholders have voted in favor of a compensation plan that might see CEO Elon Musk change into the world’s first trillionaire. The potential incentives have been laid out in September, and the corporate’s shareholders have agreed to permit this all-or-nothing package deal for its chief exec, who spent the primary half of this yr decimating the US federal government slightly than engaged on any Tesla-adjacent tasks.

The compensation plan lists a number of targets that the corporate should attain for Musk to reap the huge rewards. Tesla should attain a market worth of $8.5 trillion, in contrast with its present price of about $1.4 billion. Different necessities are metrics-based, akin to promoting 1,000,000 robots with humanoid qualities, whereas others are strategic, akin to establishing a succession plan for future Tesla management. Musk additionally has a whole lot of different irons within the fireplace throughout SpaceX and xAI, so the incentives could also be an effort to maintain the CEO centered on producing extra money for this particular group of supporters.

Presently, most occasions the Tesla identify makes headlines, it is not for good press. The corporate coupled record-high income with tumbling income in its Q3 2025 monetary outcomes. Simply throughout October, it was the topic of multiple investigations by the Nationwide Freeway Visitors Security Administration and incurred the wrath of the California Division of Insurance coverage.