In a move that has stunned financial analysts, corporate governance experts, and the broader public alike, Tesla Inc. has approved a record-breaking $1 trillion (£761 billion) compensation package for its CEO, Elon Musk.
In a landmark decision, Tesla shareholders have approved a staggering $1 trillion (£761 billion) compensation package for CEO Elon Musk, marking the largest executive pay deal in corporate history.
The vote, held at Tesla’s annual meeting in Austin, Texas, reportedly saw over 75% of investors back the plan, reaffirming their confidence in Musk’s leadership and long-term vision.
Share deal
The deal is entirely performance-based, with Musk eligible to receive up to 423 million Tesla shares if the company meets a series of ambitious milestones.
These include producing 20 million vehicles annually, deploying one million robotaxis and humanoid robots, and reaching a market valuation of $8.5 trillion.
Reportedly there is no salary or cash bonus—Musk’s payout depends solely on Tesla’s success.
Supporters argue the package aligns Musk’s incentives with shareholder interests, encouraging innovation and growth.
Critics, however, warn of governance risks and the unprecedented concentration of wealth and power.
Musk, already the world’s richest person, could become the first trillionaire if Tesla achieves its targets.
The vote signals Tesla’s intent to evolve beyond electric vehicles into a broader tech powerhouse, betting on AI, robotics, and autonomy—with Musk at the helm.