Tesla Shareholders to Vote on Musk’s $1 Trillion Pay Package Amid Governance Concerns
Tesla (TSLA) investors face a pivotal decision on November 6 as they vote on Elon Musk's unprecedented compensation plan, which could net the CEO $1 trillion if the company reaches an $8.5 trillion market valuation. The proposal ties Musk's earnings to audacious production targets—including 20 million cumulative EV deliveries and 1 million humanoid robots—sparking debate among analysts and governance experts.
Institutional Shareholder Services has labeled the package "excessive," echoing its 2018 and 2012 objections to Musk's pay structures. Yet history suggests shareholders may again side with the CEO. Tesla's board defends the plan as purely performance-based: "Musk doesn’t earn anything unless the share price rises materially," the company stated on X.