Tesla shareholders approve Elon Musk's trillion-dollar pay package

Tesla Shareholders Approve Elon Musk's Massive Pay Package

Tesla shareholders have approved an extraordinary pay package for Elon Musk that could potentially reward him with Tesla stock valued at around one trillion dollars. This unprecedented compensation is contingent on Musk achieving specific company milestones over the next decade.

Details of the Pay Package

Context and Comparisons

The current value of Nvidia, the world’s most valuable company boosted by AI growth, is $4.83 trillion. Its CEO earns $50 million annually and owns 3.5% of the company.

Tesla shareholders approved the measure with 75% of the vote, according to preliminary results announced at Tesla’s annual meeting.
Musk is already extremely wealthy, with a net worth of about $460 billion, according to the Bloomberg Billionaires Index.

Event Reference

Elon Musk was pictured arriving at the Tenth Breakthrough Prize Ceremony at the Academy Museum of Motion Pictures in Los Angeles on April 13, 2024.

Summary

This pay package is one of the largest ever, tying Musk's compensation to ambitious targets aimed at drastically growing Tesla's market value.

Author’s summary: Elon Musk received shareholder approval for a pay plan potentially worth $1 trillion, linked to Tesla reaching aggressive growth targets over the next ten years.

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NPR NPR — 2025-11-07

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