Elon Musk's trillion-dollar pay package approved by Austin-based Tesla

Elon Musk's Trillion-Dollar Pay Package Approved by Tesla Shareholders

Tesla shareholders have approved an extraordinary pay package for Elon Musk that could allow him to earn up to one trillion dollars in stock.

Shareholder Vote and Conditions

At Tesla's annual shareholder meeting, the measure passed with 75% of the vote, according to preliminary results announced on November 7, 2025. The package is conditional: Musk would receive no salary but could unlock Tesla stock worth about a trillion dollars if the company meets specific targets within the next decade.

Performance Targets

Musk must increase Tesla's market capitalization from approximately $1.5 trillion to over $8.5 trillion.
This valuation target significantly exceeds the current value of Nvidia, the world's most valuable chipmaker, which is worth $4.83 trillion.

Comparison With Other CEOs

Nvidia's CEO, credited with the company's success during the AI boom, earns $50 million annually and owns 3.5% of the company, highlighting the scale of Musk's potential compensation.

Elon Musk's Current Wealth

Musk is already among the wealthiest individuals globally, with a net worth around $460 billion according to the Bloomberg Billionaires Index. This wealth largely stems from Tesla’s stock, currently priced at about $465 per share — more than 400 times its value at the company's 2010 IPO.

Previous Pay Package Controversy

A prior pay deal offered to Musk, valued at $55.8 billion, has faced legal challenges after a judge found the board too closely aligned with Musk when crafting the package.

"Tesla shareholders have overwhelmingly approved a pay package of extraordinary proportions for Elon Musk, passing the measure with 75% of the vote."

Summary: Tesla shareholders approved a conditional pay package for Elon Musk potentially worth $1 trillion in stock, tied to ambitious company growth targets over the next decade.

KUT — 2025-11-07