Tesla Shareholders Approve Elon Musk’s $1 Trillion Pay Package Amid Ambitious Growth Targets
Tesla shareholders have overwhelmingly approved CEO Elon Musk's unprecedented $1 trillion compensation package, with over 75% of votes cast in favor. The pay plan, now the largest in corporate history, ties Musk's rewards to audacious performance milestones that would catapult Tesla into uncharted territory.
The electric vehicle Maker must achieve an $8.5 trillion market capitalization—a sixfold increase from its current $1.4 trillion valuation—while delivering $400 billion in profits. Operational targets include 20 million vehicle deliveries, 1 million humanoid robots sold, and a fleet of 1 million operational robotaxis.
Investors at Tesla's Austin shareholder meeting erupted in cheers, chanting Musk's name as results were announced. The enthusiasm reflects confidence in Tesla's transformation from automaker to multi-faceted technology disruptor, despite concerns about governance and key-person risk.
Musk stands to increase his stake to 25% if all performance tranches are unlocked. The package's sheer scale has drawn global attention, even prompting commentary from the Vatican. Tesla's success in meeting these moonshot goals WOULD redefine corporate growth trajectories and potentially create unprecedented shareholder value.
