Tesla Shareholders Approve Elon Musk's Massive Pay Package
Tesla shareholders have approved a massive pay package for CEO Elon Musk, valued at approximately USD 1 trillion, aiming to retain him at the company. The announcement was made during Tesla's 2025 Annual Shareholder Meeting on Thursday.
"Finally, on the 2025 CEO performance award to our founder and CEO, Elon Musk, with over 75% voting in favour. Approved," said Brandon Ehrhart, general counsel and corporate secretary at Tesla, during the meeting.
Musk appeared at the meeting and thanked the shareholders for their support:
"I'd like to just give a heartfelt thanks to everyone who supported the shareholder votes. I super appreciate it."
Details of the Pay Package
The newly approved compensation plan could make Elon Musk the first trillionaire in the world. It is structured as a stock grant awarding Musk additional Tesla shares if he achieves a series of challenging financial and operational targets over the next decade.
A special Tesla board committee introduced the plan in September, outlining ambitious goals Musk must meet to earn the award. Comparatively, while in 2018 Musk needed to grow Tesla by billions, the 2025 target demands growth by trillions, aiming for nearly USD 7 trillion in value creation.
Summary
Elon Musk’s unprecedented USD 1 trillion pay package ties his compensation to extremely ambitious growth targets, reflecting Tesla's aggressive expansion plans for the coming decade.
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