Tesla Shareholders Approve Elon Musk's $1 Trillion Pay Package
At Tesla's annual shareholder meeting, a remarkable pay package for Elon Musk was approved, with about 75% of votes in favor, according to preliminary results announced on November 6, 2025.
Details of the Pay Package
The compensation plan is unique: Elon Musk will receive no salary but could earn stock worth nearly one trillion dollars, contingent on Tesla achieving specific milestones within the next ten years.
- One key target is to increase Tesla's market capitalization from approximately $1.5 trillion to over $8.5 trillion.
- This target significantly surpasses the value of Nvidia, the world's most valuable company at $4.83 trillion, whose CEO earns $50 million annually and owns 3.5% of the company.
Musk’s Current Wealth and Previous Pay Package
Elon Musk's fortune is estimated at $460 billion by the Bloomberg Billionaires Index, largely due to Tesla's stock price surge to around $465 per share—more than 400 times its IPO value in 2010.
"A previous pay package that offered Musk a then-unprecedented $55.8 billion has been tied up in a lengthy court battle after a judge ruled that the board was too cozy with Musk in designing it."
This new compensation deal represents an even more extraordinary potential payout based strictly on company performance.
Summary
This historic compensation plan for Elon Musk rewards exceptional company growth, with Tesla shareholders backing a deal that could make Musk's earnings from stock options reach an unprecedented trillion dollars.
Author’s note: Elon Musk's approved pay package sets a new standard for CEO compensation, linking vast potential rewards directly to Tesla’s ambitious growth targets.