Musk defends his $1T pay package at Tesla during earnings call
- by Independent
- Oct 23, 2025
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Thursday 23 October 2025 16:51 BST
Elon Musk reveals ‘biggest product ever’ Tesla Optimus robot doing household chores
Elon Musk, the world's richest man, criticised proxy advisory firms for opposing his proposed $1 trillion pay package at Tesla.
Musk labelled ISS and Glass Lewis as “corporate terrorists” during an earnings call, stating they “have no freaking clue” about his compensation.
The proposed deal, potentially the largest in history, would increase Musk's Tesla shareholding from 13 percent to almost 29 percent.
Musk expressed concern that without increased voting control, he could be ousted from the company, particularly as Tesla develops its “robot army” of AI, robotaxis and Optimus robots.
Tesla's board has warned shareholders that rejecting the compensation package, which is contingent on ambitious growth targets, could lead to Musk reducing his involvement or leaving the company.
In full
Musk calls critics of his $1T salary ‘corporate terrorists’ and ponders the future of his ‘robot army’ in wild earnings call
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