Tesla Shareholders Approve Elon Musk's Trillion-Dollar Pay Package
Tesla shareholders have overwhelmingly approved a pay package for Elon Musk that could reward him with stock valued at nearly one trillion dollars. The measure passed with 75% of the vote at Tesla's annual shareholder meeting, as reported on November 6, 2025.
Details of the Pay Package
Musk would receive no salary but could unlock Tesla stock worth about $1 trillion if the company meets specific targets over the next decade. One key requirement is increasing Tesla's market capitalization from approximately $1.5 trillion today to over $8.5 trillion.
Market Context
- Tesla’s current market cap: about $1.5 trillion
- Target market cap for Musk’s pay unlock: above $8.5 trillion
- For comparison, Nvidia, the world's most valuable company, is valued at $4.83 trillion
- Nvidia's CEO earns $50 million annually and owns 3.5% of the company
Musk’s Wealth and Stock Performance
Elon Musk is already among the wealthiest individuals globally, with an estimated net worth of $460 billion according to the Bloomberg Billionaires Index. Tesla's stock price, currently around $465 per share, has surged dramatically—over 400 times its value since the company's 2010 IPO.
A previous pay package granting Musk $55.8 billion has faced legal challenges after a judge ruled that the board was too close to Musk when designing the deal.
Summary: Elon Musk’s new pay package ties unprecedented stock rewards to exceptional Tesla growth targets, reflecting his ongoing influence and the company’s ambitious vision.
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