- Nearly 75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk.
- The payout depends on Tesla meeting market value and operational milestones in the next decade.
- The full compensation would require Tesla to reach an $8.5 trillion market valuation from the current $1.54 trillion.
- Other goals include 20 million vehicle deliveries, 10 million Full Self-Driving subscriptions, and 1 million delivered robots and robotaxis.
Elon Musk, the world’s richest individual, secured approval from nearly 75% of Tesla shareholders for a $1 trillion compensation plan introduced in September. The plan grants Musk 12 portions of shares over ten years if specific targets are met, along with greater voting power increasing his ownership from about 13% to 25%, according to the Tesla 2025 shareholder meeting.
The initial portion of equity is released if Tesla attains a $2 trillion market valuation, up from its current $1.54 trillion. Market capitalization growth triggers subsequent payouts: $500 billion increases unlock nine portions, and a $1 trillion rise awards the final two portions. Musk must reach an $8.5 trillion valuation to receive the entire package.
Besides market caps, operational milestones include delivering 20 million vehicles, securing 10 million active Full Self-Driving (FSD) subscriptions, producing 1 million Optimus humanoid robots, and operating 1 million robotaxis commercially. Tesla currently has over 8 million cars delivered and is the most valuable carmaker globally, surpassing companies like Toyota and BMW.
The new pay plan aligns with Musk’s public emphasis on increasing his voting control, reinforcing his leadership over Tesla’s future direction. Meeting these goals would require substantial growth in Tesla’s production, technology adoption, and market value.
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