Elon Musk’s Victory: Tesla Shareholders Approve Record-Breaking $1 Trillion Compensation Package

Nov 07, 2025
Technology

Photo: Elon Musk (Collected)

Staff Reporter | PNN

Tesla shareholders have approved a massive compensation package for CEO Elon Musk, which could be worth up to $1 trillion in company shares. Over 75% of voting shareholders approved the package.

At Tesla’s factory in Austin, Texas, shareholders cheered, “Elon! Elon!” following the announcement. An Optimus robot was also seen dancing beside Musk at the event.

Musk said on Thursday, “What we are about to start is not just a new chapter for Tesla’s future, but an entirely new book.”

Details of the Compensation Package

Musk will not receive $1 trillion directly, nor will he take a salary. However, he can earn hundreds of billions of dollars and gain additional control over Tesla if the company achieves various targets. The package is divided into 12 tranches, which provide shares based on achieving operational, adjusted profit, and market capitalization goals.

For example, Tesla, currently valued at $1.5 trillion, would need to reach a valuation of $8.5 trillion over the next ten years.

Voting Campaign and Musk’s Intentions

Over the past two months, Tesla and board officials actively campaigned for shareholder approval through TV advertisements and media interviews. Board Chairperson Robin Denholm said, “Tesla is now at a critical juncture, and last year was a landmark year in our history.”

Musk wanted shareholders to understand that if the package is approved, his voting power would rise to 25%, protecting him from losing control over Tesla.

The package is aligned with Tesla’s “Master Plan 4,” reflecting Musk’s visionary goals. While initially somewhat vague, Musk has promised more details later.

The board proposed this package after a previous $56 billion plan from 2018 was canceled by Delaware’s Chancery Court due to lack of board diligence. Tesla appealed the decision.

At the start of 2025, Tesla granted Musk $29 billion in shares to compensate for 2018 losses, though this would be canceled if the court appeal succeeds.