Tesla shareholders have officially approved a record-breaking compensation plan for CEO Elon Musk, potentially worth up to $1 trillion over the next decade. The vote, held during Tesla’s annual general meeting in Austin, Texas, saw over 75% of shareholders endorse the proposal Arise News France 24.
The package, the largest in corporate history, ties Musk’s rewards to ambitious performance milestones, including:
Building 20 million electric vehicles
Launching one million robotaxis
Elevating Tesla’s market value to $8.5 trillion
Advancing Tesla’s AI and robotics initiatives
Maintaining long-term leadership in EV innovation
If fully realized, the plan could nearly double Musk’s current net worth and further cement his role as the driving force behind Tesla’s transformation into a tech powerhouse Legit.ng Arise News.
During the meeting, Musk took the stage to enthusiastic cheers and dancing robots, declaring, “What we are about to embark upon is not merely a new chapter of the future of Tesla, but a whole new book.” USA Today
The approval comes despite earlier opposition from some investors concerned about the scale of the payout. However, supporters argue that Musk’s leadership and vision justify the unprecedented package, especially as Tesla pivots toward AI, autonomous vehicles, and robotics.
