Tesla shareholders approve Elon Musk's US$1 trillion pay package

Tesla shareholders approve Elon Musk's US$1 trillion pay package

The meeting hall erupted in cheers and chants when the results were revealed, confirming overwhelming support for Elon Musk’s compensation plan. According to Tesla, more than 75 percent of the company’s shares voted in favor during the annual shareholder meeting, excluding the 15 percent already owned by Musk.

"I super appreciate it,"

said Elon Musk, expressing gratitude to the Tesla board and shareholders shortly after the announcement.

Musk, who receives no salary, will be compensated through an extensive stock grant that could award him up to 423.7 million additional Tesla shares over the next decade. If Tesla meets the required $8.5 trillion (NZ$15t) market capitalization, the total grant could reach around US$1 trillion (NZ$1.77t) in value.

To unlock the full package, Tesla must meet a sequence of operational and financial targets. The shares would be issued in 12 equal tranches as milestones are achieved. Should Musk obtain every share under this plan, his earnings would average about US$275 million (NZ$488m) per day—an unprecedented sum in executive compensation history.

For Tesla to achieve the necessary $8.5 trillion valuation, its stock price would need to grow by roughly 466 percent from current levels.

Author’s summary

Tesla investors overwhelmingly backed a massive new stock-based compensation plan for Elon Musk that could make him the world’s first trillionaire if all performance goals are met.

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RNZ RNZ — 2025-11-07

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