Elon Musk gets Tesla shareholder approval for $1trn pay package

Tesla CEO Elon Musk won shareholder approval for the largest corporate pay package in history on Thursday, November 6, 2025, as investors endorsed his vision of morphing the EV maker into an AI and robotics juggernaut.

The proposal was approved with over 75% support, and Musk bounded to the stage of the company’s annual meeting at its factory in Austin, Texas, accompanied by dancing robots.

Musk, already the world’s richest person, could get as much as $1 trillion in stock over the next decade, although required payments would take the value down to $878 billion.

The vote is crucial for Tesla’s future and its valuation, which hangs on Musk’s vision of making vehicles that drive themselves, creating a robotaxi network across the U.S. and selling humanoid robots, even though his far-right political rhetoric has hurt the Tesla brand this year.

First HoldCo reports N450.9bn profit in 9 months

The board warned he could leave if he didn’t get the pay package.

While some investors said it was incredibly expensive and unnecessary, many saw it as a way to retain Musk and believe that the goals set in the package ensured shareholders would be rewarded as well.

“What we are about to embark upon is not merely a new chapter of the future of Tesla, but a whole new book,” Musk told a cheering group of shareholders.

The Star