Tesla Shareholders Approve Elon Musk's Record Pay Package

Nov 6, 2025

Tesla shareholders have voted to approve CEO Elon Musk's compensation plan at the company's annual meeting in Austin, Texas. More than 75% of shareholders supported the package.

The plan could be worth as much as $1 trillion in Tesla shares if Musk meets several ambitious performance goals, including a major increase in the company's stock market value.

This approval is seen as a major win for Musk, strengthening his position at Tesla and supporting his vision to expand the company into artificial intelligence and robotics.

Why is Elon Musk's pay package so large?

The package rewards Musk if he achieves certain big goals for Tesla, like greatly increasing the company's value and business size. It is designed to motivate him to deliver strong growth.

Does this mean Musk gets $1 trillion right away?

No. Musk will only receive the pay over time, and only if Tesla meets strict targets set out in the agreement.

What happens if Tesla does not meet the goals?

If Tesla does not reach the required milestones, Musk will not receive the full amount of the pay package.

Sources
Tesla says shareholders approve Musk's $1 trillion pay plan with over 75% voting...
CNBC
Tesla shareholders approved CEO Elon Musk's historic pay package at the company's annual shareholders meeting in Austin, Texas.
Tesla shareholders approve Elon Musk's $1T pay package
TechCrunch
Tesla shareholders have overwhelmingly approved a compensation package for CEO Elon Musk that could be worth as much as $1 trillion in company shares.
Tesla shareholders approve $878 billion pay plan for Elon Musk
Reuters
Tesla CEO Elon Musk scored a resounding victory on Thursday as shareholders approved a pay package of as much as $878 billion over the next decade, endorsing his vision of morphing the EV maker into an AI and robotics juggernaut.
Tesla Shareholders Approve Elon Musk's $1 Trillion Pay Package
WSJ
Musk had threatened to leave Tesla if the record-setting package didn't pass.
Tesla Investors Back Musk's Trillion Dollar Payday
NYTimes
Shareholders approved a plan to grant Mr. Musk shares worth nearly $1 trillion if he meets ambitious goals, including vastly expanding the company's stock market valuation.
Tesla Approves Musk's Potential Trillion-Dollar Payday
Forbes
Tesla chair Robyn Denholm, in a letter to shareholders last week, warned investors that Musk may leave the company if the plan was denied, claiming Tesla would lose “significant value without Musk” as Tesla “may no longer be valued for what we aim to become.” Denholm and other board members wrote in...
Tesla shareholders approve Elon Musk's $1 trillion pay package
CNBC Television
CNBC's Phil LeBeau joins 'Closing Bell Overtime'  with breaking news on the Tesla pay package vote.
Tesla shareholders approve Elon Musk's historic $1 trillion pay package — here's...
New York Post
Tesla shareholders approved an epic $1 trillion pay package for Elon Musk on Thursday – after the mercurial boss threatened to leave the company if he didn't get it.
Tesla shareholders approve $1tn pay package for Elon Musk
The Guardian
Chants of ‘Elon' erupt after compensation plan approved despite opposition from several high-profile investors
Elon Musk's $1 Trillion Tesla Pay Package Approved: Shareholder Day Supercut
CNET
Tesla showed off the latest Optimus robot, where it's headed in 2026 and putting human consciousness in a robot.
Tesla will 'examine' an investment in Elon Musk's xAI
Business Insider
Tesla shareholders approved an investment in xAI, a company owned by Elon Musk. xAI, founded in July 2023, quickly reached a $50 billion valuation by 2024.
Tesla Voters Backed Elon Musk's Big New Pay Package Today
Investopedia
The fate of Tesla—or, at least, the answer to the question of whether its chief Elon Musk stays or walks—may have been settled at today's shareholder vote.
It's clear Tesla investors support Musk's vision: Deepwater's Munster following...
CNBC Television
Gene Munster, Deepwater, joins 'Fast Money' to talk the approval of Elon Musk's $1 trillion pay package from Tesla investors.
Elon Musk's $1 trillion pay package approved by Tesla
Skynews
Elon Musk could be on track for a $1trn (£761bn) pay package - if Tesla meets a series of extremely ambitious targets over the next 10 years.
Shareholders approve Elon Musk's $1 trillion pay package, plus US stocks close i...
Yahoo Finance
Shareholders approve Elon Musk's $1 trillion incentive-based pay package. We bring you the details that led to this decision.
Tesla Shareholders Approve Elon Musk Pay Package That Could Be Worth $1 Trillion
Bloomberg Markets and Finance
Tesla Inc. shareholders approved a potential $1 trillion compensation package for Chief Executive Officer Elon Musk, the largest payout ever awarded to a corporate leader. Musk would have to meet certain goals to get the full payout.
Tesla's shareholders approve Elon Musk's $1 trillion pay package
Invezz
Tesla Inc. investors have overwhelmingly approved Elon Musk's $1 trillion compensation package, a record-setting deal that cements the billionaire's grip over the electric-vehicle maker and signals renewed confidence in his leadership. Roughly 75% of votes cast supported the package at the company's...
If Elon Musk Did Ever Leave, What Would That Mean for Tesla's Future?
24/7 Wall Street
Elon Musk's massive $1 trillion pay package has been the talk of the town this past week, and it has many Tesla (NASDAQ:TSLA) shareholders pondering what could happen to the electric vehicle (EV) titan if it ever reached such a fork in the road again.
Elon Musk's $1 Trillion Incentive for Building Tesla's 'Robot Army'
CNET
Flanked by a couple of Optimus Robots, Elon Musk took to the stage at Tesla's Annual Shareholder Meeting after investors voted to award him a $1 trillion performance award, provided he hits some very ambitious goals.
Elon Musk's $1trn pay package approved by Tesla
Skynews
Elon Musk could be on track for a $1trn (£761bn) pay package - if Tesla meets a series of extremely ambitious targets over the next 10 years.
Tesla shareholders approve $1 trillion pay package for Musk
Bloomberg Markets and Finance
$1 trillion — that's how much Tesla shareholders approved as a compensation package for Elon Musk. It's the largest payout ever awarded to a CEO, but it isn't without some caveats.
Elon Musk's $1 trillion pay deal: Triumph, theatre and the Tesla paradox
Proactive Investors
Elon Musk has done it again,  danced his way through controversy and out the other side with a shareholder-approved payday so big it almost breaks capitalism's imagination. The Tesla Inc (NASDAQ:TSLA) boss has just won backing for a record-breaking compensation package that could, on paper, be worth...
Tesla shareholders approve Musk's $1 trillion pay package
TechXplore
Tesla shareholders on Thursday overwhelmingly endorsed a massive pay package for CEO Elon Musk that could reach $1 trillion.
Musk's Tesla Pay Isn't the Biggest Concern From the Shareholder Meeting. This Is...
Barrons
Air travelers meet the realities of a prolonged government shutdown, holiday retail sales could top $1 trillion, and more news to start your day.
How Tesla has prepared to defend Musk's mega pay package from legal challenges
Business Insider
Tesla shareholders approved Elon Musk's $1 trillion pay package on Thursday. The billionaire's previous $56 billion pay package was struck down by a Delaware judge after an investor filed a lawsuit.
After $1 trillion pay vote: what Tesla's Musk-centric governance means for AI am...
Invezz
Tesla shareholders have handed Elon Musk a historic vote of confidence, and a path to a possible $1 trillion payday, as the company doubles down on AI, robotaxis, and chip ambitions.​ When applause rippled through Tesla's Austin shareholder meeting on November 6, investors had just approved the most...
Tesla Is The Berkshire of Tech, Is Musk the New Buffett? Stock Stalls After Mega...
Barrons
Thursday, at its annual shareholder meeting, Tesla disclosed that investors voted to award Musk some 425 million incentive-laden shares.
We now have clarity on Tesla's direction and leadership commitment, says Joe Tig...
CNBC Television
Joe Tigay, Rational Equity Armor Fund portfolio manager and Catalyst Hedged Equity Fund portfolio manager, joins 'Squawk Box' to discuss the approval of Tesla CEO Elon Musk's historic  pay package, future of Tesla, and more.
Wall St reacts to Musk's $1 trillion pay plan approval by Tesla investors
Reuters
Tesla CEO Elon Musk has won shareholder approval for the largest corporate pay package in history.
KG: "Premium Seller's Market" and Thoughts on TSLA's $1T Pay Package
Schwab Network
Tesla (TSLA) CEO Elon Musk's near $1 trillion pay package received overwhelming approval from shareholders but Kevin Green highlights "some little nuggets" in the company's A.I plans including a potential chip buy from Intel (INTC). Then, KG addresses the ongoing storyline surrounding Nvidia (NVDA)...
Musk's $1 Trillion Moment: The Bet That Could Reprice Tesla Stock Or Break It
Benzinga
Elon Musk just pulled off one of the biggest corporate wins in recent memory — a shareholder approval for a compensation plan that could hand him as much as $1 trillion in Tesla Inc (NASDAQ:TSLA) stock. But this isn't a reward for what he's already done.
Walter Isaacson: Musk needs Tesla's stock not just for the money, but also to co...
CNBC Television
Walter Isaacson, ‘Elon Musk' author and Perella Weinberg advisory partner, joins 'Squawk Box' to discuss the approval of Tesla CEO Elon Musk's historic pay package, future of Tesla, fate of xAI, and more.
‘Musk is Tesla and Tesla is Musk' – why investors are happy to pay him $1tn
The Guardian
Making Elon Musk the world's first trillionaire appears to fit a US investment culture of backing high-flying innovators
Elon Musk gets $1T pay deal approved by Tesla shareholders, Nvidia, Palantir, an...
Yahoo Finance
Morning Brief: Market Sunrise anchor Ramzan Karmali breaks down the latest international finance news for November 7, 2025. Tesla shareholders approved CEO Elon Musk's incentive-based pay, which could be valued at $1 trillion.
Tesla shareholders approve Musk's $1 trillion pay package. Here's what he's focu...
Yahoo Finance
Also, ARK Invest chief futurist, Brett Winton, joins Morning Brief host Julie Hyman to discuss Tesla (TSLA) CEO Elon Musk's $1 trillion pay package getting approved and what it signals about the company's future, especially when it comes to robotics and self-driving technology.
Tesla stock slip after Musk's $1T pay package approval
Invezz
Tesla's stock dipped on Friday morning, even after shareholders overwhelmingly approved CEO Elon Musk's record-breaking $1 trillion compensation package. Shares fell 5.04% to $423.40 although they have recovered to $429.44 at the time of writing, still down 3.69%.
Tesla Shareholders' $1T Vote of Confidence: Can Musk Deliver?
Zacks Investment Research
Tesla shareholders back Musk's $1T performance-based pay plan, betting big on his vision to turn Tesla into an AI and robotics powerhouse.
Beyond $1T Pay Package: INTC, EVs & SpaceX Take Attention at TSLA Shareholder Ev...
Schwab Network
While shareholders approving Tesla (TSLA) CEO Elon Musk's $1 trillion pay package is certainly nothing to scoff at, other bullet points at the shareholder event took Marley Kayden's attention. She explains how Musk talked about Intel's (INTC) chipmaking business and a potential SpaceX IPO as notes i...
Elon Musk's trillion-dollar pay package is another canary in the coal mine
Market Watch
Tesla's incentive-laden CEO retention scheme won investors' go-ahead this week.
Elon Musk Pay Package: Can He Deliver for Tesla?
Bloomberg Markets and Finance
Elon Musk responded in kind to Tesla Inc. investors approving his $1 trillion compensation package, making a series of extravagant predictions about what the company will be capable of in the years to come. Tesla's humanoid robot will progress from simple tasks, like handing out bags of candy, to pe...
Elon Musk Loses $10 Billion After Tesla Approves Trillion-Dollar Pay Deal. Here'...
Forbes
Musk remains the world's wealthiest person with a net worth estimated at $481.4 billion, following a drop of $10 billion (2%) on Tesla's stock decline. He became the first person to be worth $500 billion and, before that, $400 billion earlier this year, as Tesla's stock surge has propelled him furth...
TSLA stock price: Elon Musk got his $1 trillion pay package. Here's how Tesla in...
Fast Company
Yesterday, Tesla, Inc. (Nasdaq: TSLA) shareholders overwhelmingly approved the controversial and historic pay package deal for the electric vehicle maker's CEO, Elon Musk. That package is worth up to nearly $1 trillion in compensation for Musk—provided the company reaches certain milestones.
Tesla Approves Musk Pay, Board to Review xAI Investment
Bloomberg Technology
Alexandra Merz, a Tesla shareholder known on social media as TeslaBoomerMama, discusses the approval of Elon Musk's $1 trillion pay package, and what comes next for efforts to get Tesla to invest in xAI. She joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.
Elon Musk Got His $1 Trillion Pay Package. Now Tesla's Moonshot Goals Are In Foc...
Investopedia
Tesla shareholders showed up for Elon Musk. Now it's up to the CEO to make good on his promises and make them—and him—richer.
Tesla rival Rivian gives CEO RJ Scaringe a Musk-like pay package worth up to $4....
New York Post
The move by the Rivian board shows that the Tesla plan for Musk could become a model for companies aiming to grow fast.
Musk has his $1 trillion pay package. Here's what could keep him from getting th...
Market Watch
There are two “limiting factors” on Tesla's future, the CEO said, that could keep him from reaching the objectives that would get him paid.
Shareholders and compensation consultants weigh in on Elon Musk's $1 trillion pa...
Business Insider
Tesla shareholders approved Musk's $1 trillion pay package contingent on performance. Some large shareholders, including the world's largest wealth fund, had voted against the plan.
The Zacks Analyst Blog Tesla, General Motors and Ford
Zacks Investment Research
Tesla shareholders back Elon Musk's record $1 trillion pay plan, betting on his bold AI, robotics and autonomous vision despite EV headwinds.
Head Of Tesla's Controversial Cybertruck Unit Exits—Stock Jumps
Forbes
Tesla shares up 2.1% pre-market trading Monday after Cybertruck chief Siddhant Awasthi announced his departure, coming just days after shareholders approved Elon Musk's record $1 trillion compensation package.
Show All Sources
Related Posts
Other News
Back to Top