Tesla Shareholders Ascertain Elon Musk’s $1 Trillion Pay

On Thursday, at Tesla’s annual shareholder assembly in Austin, Texas, Tesla traders voted to approve a record-breaking $1 trillion reimbursement plan for CEO Elon Musk, the biggest govt reimbursement proposal ever regarded as and licensed in company historical past.

Greater than 75% of shareholders sponsored the plan, leaving room for Musk, 54, to turn into the arena’s first trillionaire if he meets a chain of milestones. Musk received’t take a wage; the pay will take the type of a inventory grant value about $1 trillion that might give him over 400 million further Tesla stocks over the following decade. His stake in Tesla would amplify to twenty-five% or extra, up from 13% recently.

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“It’s no longer only a new bankruptcy for Tesla, it’s a brand new e book,” Musk instructed the target market of traders on the assembly, in step with Bloomberg.

To obtain the 12-part reimbursement package deal, Musk will have to steer Tesla to succeed in bold product and monetary goals, in step with CNBC. The primary section calls for that Tesla’s marketplace price upward thrust to $2 trillion (it stood at $1.4 trillion on the time of writing) and that the corporate ship its 20 millionth automobile, put a million robotaxis in the street or promote a million humanoid Optimus robots.

Tesla has delivered about 8.5 million cars up to now, some distance wanting Musk’s goal of 20 million deliveries. In 2025, the electrical automobile maker delivered 1.2 million vehicles, with fresh quarterly figures simply beneath 500,000 gadgets.

In the meantime, Tesla’s robotaxi program is recently restricted in scale. Musk mentioned ultimate month that he plans to deploy 500 robotaxis in Austin and 1,000 extra in California’s Bay House through the top of the 12 months.

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So far as promoting a million humanoid robots, Tesla has but to convey one among its Optimus robots to marketplace. Musk mentioned previous this 12 months that Tesla plans to deploy Optimus robots inside its personal production amenities this 12 months and make the robots extra widely to be had subsequent 12 months.

Tesla has to in the long run hit $8.5 trillion in marketplace price for Musk to obtain the total $1 trillion pay. He’s going to obtain a inventory award tied to every $500 billion or $1 trillion soar in Tesla’s valuation.

No corporate has ever reached the $8.5 trillion mark. The nearest thus far is AI chipmaker Nvidia, which was the primary corporate to move $5 trillion in marketplace price ultimate month, nevertheless it noticed its marketplace capitalization dip afterwards. Nvidia was once value $4.58 trillion on the time of writing.

Musk is the richest individual on the planet, with a internet value of $461 billion, in step with the Bloomberg Billionaires Index.

On Thursday, at Tesla’s annual shareholder assembly in Austin, Texas, Tesla traders voted to approve a record-breaking $1 trillion reimbursement plan for CEO Elon Musk, the biggest govt reimbursement proposal ever regarded as and licensed in company historical past.

Greater than 75% of shareholders sponsored the plan, leaving room for Musk, 54, to turn into the arena’s first trillionaire if he meets a chain of milestones. Musk received’t take a wage; the pay will take the type of a inventory grant value about $1 trillion that might give him over 400 million further Tesla stocks over the following decade. His stake in Tesla would amplify to twenty-five% or extra, up from 13% recently.