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Tesla shareholders greenlight Elon Musk’s record $1 trillion pay deal

Tesla shareholders have approved a record-breaking $1 trillion pay package for CEO Elon Musk, with over 75% voting in favor at a meeting in Austin, Texas. The deal,…

By Zack Hill November 7, 2025 · 1 min read
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Tesla shareholders have approved a record-breaking $1 trillion pay package for CEO Elon Musk, with over 75% voting in favor at a meeting in Austin, Texas.

The deal, structured in 12 performance-based stages, will reward Musk with stock options as Tesla hits ambitious profit and market goals, including boosting its value from $1.5 trillion to $8.5 trillion within ten years.

Musk, who currently owns about 15% of Tesla, pushed for the plan to secure more control and hinted he might leave if he didn’t reach roughly 25%.

The approval follows months of campaigning by Tesla’s board, led by chairwoman Robyn Denholm, and comes after a Delaware court struck down Musk’s previous $56 billion package from 2018.

If all targets are met, the new plan could make Musk the first CEO ever to earn $1 trillion in compensation.

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