Elon Musk has officially secured a record-breaking $1 trillion pay package from Tesla after shareholders approved the deal at the company’s annual meeting on November 6, 2025. The unprecedented compensation plan marks the largest payout ever granted to a corporate leader in history. The approval came during a meeting held at Tesla’s Austin, Texas, Gigafactory, with over 75% shareholder support. The package is designed to extend Musk’s leadership and incentivize continued innovation in electric vehicles, AI, and robotics. Critics, however, have raised concerns over the size and structure of the payout.
The new compensation plan will extend Musk’s leadership for at least seven and a half more years. It is performance-based, linking payouts to Tesla’s market value, production capacity, and profitability targets. Musk will unlock portions of the pay as Tesla hits milestones, including a $2 trillion market valuation, producing 20 million vehicles annually, and major advancements in AI and robotics. The package may also boost Musk’s ownership stake in Tesla from roughly 12% to over 25%, further solidifying his control of the company.
During the shareholder meeting, Musk expressed gratitude: “I’d like to give a heartfelt thanks to everyone who supported the shareholder votes. I super-appreciate it.” Tesla Chair Robin Denholm emphasized Musk’s importance, warning that his departure could significantly impact stock value and calling his leadership “irreplaceable.”
Not all reactions were positive. Activist group Tesla Takedown criticized the plan, stating, “Elon Musk just got one trillion dollars for failure. Sales are down, safety risks are up, and his politics are driving customers away.” Tesla’s board defended the plan, highlighting alignment with company success and recalling past controversies around Musk’s 2018 $55.8 billion package, which laid the groundwork for this historic deal.
Musk’s net worth now exceeds $500 billion, maintaining his status as the world’s richest individual. Analysts say the deal reflects confidence in Musk’s leadership and Tesla’s long-term innovation strategy. However, the payout’s scale is expected to draw ongoing public and regulatory scrutiny, particularly as Tesla faces increased EV competition and market fluctuations. Shareholders are likely to watch closely how performance-based milestones translate into actual growth and returns.
Tesla will continue to track key performance goals tied to Musk’s compensation, including AI integration, vehicle production, and market valuation. Upcoming quarterly earnings reports and production milestones will be closely scrutinized by investors. Musk’s leadership remains central to Tesla’s strategy of expanding beyond electric vehicles into robotics, AI, and energy solutions.
Tesla Official Statement, November 6, 2025
Reuters, Bloomberg, CNBC coverage of shareholder meeting
Forbes: Elon Musk Net Worth 2025
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