Tesla Shareholders Approve Elon Musk’s $1 Trillion Pay Package
Tesla shareholders have overwhelmingly endorsed Elon Musk's unprecedented $1 trillion compensation plan, with nearly 75% voting in favor. The approval marks a significant milestone for the electric vehicle giant, though the path to payout remains arduous.
The performance-based package requires Tesla to achieve a series of escalating market capitalization targets over the next decade, starting with a $2 trillion valuation. Musk stands to gain 12 tranches of stock awards—potentially increasing his ownership stake from 13% to 25%—if the company hits both financial and operational benchmarks.
Market watchers note the ambitious nature of these targets, given Tesla's current $1.54 trillion valuation. The compensation structure ties Musk's rewards directly to shareholder value creation, with subsequent payouts triggered by each $500 billion increment in market cap up to $6.5 trillion.
