Tesla Shareholders Approve Elon Musk’s Ambitious Trillion-Dollar Pay Package

Tesla shareholders have officially approved a massive compensation package for CEO Elon Musk, potentially worth $1 trillion, making it one of the largest pay deals in corporate history. However, the payout is not immediate or guaranteed, as it is tied to a series of highly ambitious performance targets that Musk must achieve over the next several years.

The approved package, which received support from 75% of voting shareholders, is structured around aggressive growth milestones for Tesla. To unlock the full payout, Musk must oversee a dramatic expansion of the company, including increasing earnings by 28 times compared to 2018, delivering 20 million vehicles, securing 10 million active Full Self Drive subscriptions, deploying one million Robotaxis, and building one million Tesla Bots.

The targets are set to be achieved over a period ranging from seven and a half to ten years, with much of the compensation coming in the form of stock options rather than direct cash.

Despite the strong shareholder approval, there have been reports of internal pressure to support the package, with concerns raised that Musk might leave Tesla if the deal was not passed. The company’s board has emphasised Musk’s leadership as crucial to Tesla’s future success.

At the shareholder meeting, Musk focused on Tesla’s future in artificial intelligence and robotics, discussing plans for billions of Optimus robots and advancements in Full Self Drive technology. He also hinted at the possibility of digital consciousness transfer in the future.

Updates on Tesla’s vehicle lineup were limited, with Musk confirming that the long-awaited Roadster would debut on April 1, 2026, and that Tesla Semi production would ramp up in 2026. Musk’s compensation is contingent on meeting these challenging goals, making the package a long-term incentive rather than an immediate windfall.

Also read: Tesla Cybercab Shown Off in China, Hinting at Musk’s Vision for Autonomous Driving