Tesla Shareholders Approve Elon Musk's Trillion-Dollar Pay Package
Tesla shareholders have approved an extraordinary compensation plan for Elon Musk, passing it with 75% of the vote at the company’s annual meeting, as announced on November 6, 2025.
Details of the Pay Package
The approval sets a conditional pay structure allowing Musk to unlock Tesla stock valued at about one trillion dollars if certain ambitious targets are met within the next decade. He would receive no salary but must help boost Tesla’s market capitalization from approximately $1.5 trillion today to over $8.5 trillion.
Comparative Market Values
For perspective, Nvidia—the world’s most valuable company driven by the AI surge—is valued at $4.83 trillion. Its CEO earns $50 million annually and owns 3.5% of the company.
Musk’s Wealth and Previous Compensation Controversy
Already one of the wealthiest people globally, Musk’s net worth is estimated at $460 billion, largely due to Tesla’s stock rise to about $465 per share, making it over 400 times more valuable than at its 2010 IPO.
“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 package represents a significant escalation in Tesla’s executive compensation strategy and underscores the company’s ambitious growth goals.
Author’s summary: Tesla shareholders endorse Elon Musk’s historic pay plan, tying potential earnings to ambitious market growth targets over the next decade.