Tesla CEO Elon Musk has received shareholder approval for an unprecedented compensation plan that could make him the world's first trillionaire.
More than 75% of Tesla shares voted in favor of the package during the company's annual shareholder meeting on Thursday, signaling strong support from investors.
The vote excluded the 15% of Tesla Musk already owns.
Musk, who does not take a salary, will receive the pay package in the form of a stock grant.
If Tesla reaches the ambitious targets outlined in the plan, he could earn up to 423.7 million additional Tesla shares over the next 10 years.
These shares could be worth roughly $1 trillion, contingent on Tesla achieving a market value of $8.5 trillion—a significant jump from its current $1.4 trillion valuation, Engadget said.
The package is structured around a series of operational and financial milestones. Tesla must hit market cap goals, sell a million humanoid robots, and establish a succession plan for future leadership.
Tesla shareholders approve $1 trillion pay package for CEO Elon Muskhttps://t.co/cPho4eeZBd
— CNN (@CNN) November 6, 2025
Analysts Say Elon Musk Could Earn $275M a Day
Musk emphasized that the stock grant is designed to maintain his focus on Tesla, especially given his involvement in other ventures such as SpaceX and xAI.
At the shareholder meeting, the crowd erupted in cheers when the vote was announced. "I super appreciate it," Musk said, expressing gratitude to Tesla investors and the board.
Analysts note that reaching all the package's conditions would be equivalent to Musk earning $275 million per day, surpassing any executive pay in history.
While Tesla has faced challenges this year—including falling sales and profits in the first half and multiple federal investigations—the company is looking toward an ambitious future.
Musk highlighted Tesla's push into robotics, self-driving cars, and "robotaxi" fleets as central to the company's growth.
According to CNN, he described humanoid robots as potentially the "biggest product of all time," predicting they could reshape industries and even address global poverty.
Despite the high stakes, Musk has said the package is not about personal wealth. "It's not like I'm going to go spend the money," he told investors last month.
"There needs to be enough voting control to give me a strong influence—but not so much that I can't be fired if I go insane."
Originally published on vcpost.com
