Tesla shareholders approve Elon Musk's $1 trillion pay package after founder threatens to leave
- by Mail
- Nov 06, 2025
- 0 Comments
- 0 Likes Flag 0 Of 5
Musk says the vote wasn't really about the money but getting a higher Tesla stake - it will double to nearly 30 percent - so he could have more power over the company.
He was seeking more control given Tesla's future 'robot army.' He implied that he didn't trust anyone else to have more control given the possible danger to humanity.
The vote is a resounding victory for Musk, proving investors still have faith in him as Tesla struggles with plunging sales, market share and profits, partially driven by Musk's on-again, off-again bromance with President Donald Trump and his foray into politics.
The vote came just three days after a report from Europe showing Tesla car sales plunged again last month, including a 50 percent collapse in Germany.
Still, many Tesla investors consider Musk as a miracle man capable of stunning business feats, noting he pulled Tesla from the brink of bankruptcy a half-dozen years ago to turn it into one of the world's most valuable companies.
The vote clears a path for Musk to become a trillionaire by granting him new shares, but it still won't be easy.
The board of directors that designed the pay package require him to hit several ambitious financial and operational targets, including increasing the value of the company on the stock market nearly six times its current level.
Musk also has to deliver 20 million Tesla electric vehicles to the market over 10 years amid new, stiff competition, more than double the number since the founding of the company.
The vote is a resounding victory for Musk showing investors still have faith in him as Tesla struggles with plunging sales, market share and profits, partially driven by Musk's allegience with President Donald Trump and foray into politics
The vote is a resounding victory for Musk, proving investors still have faith in him as Tesla struggles with plunging sales, market share and profits, partially driven by Musk's on-again, off-again bromance with President Donald Trump (pictured together during a memorial for Charlie Kirk on September 21)
He also has to deploy more than 1 million of his human-like robots that he has promised will transform work and home - he calls it a 'robot army' - from zero today.
Musk could add billions to his wealth in a few years by partly delivering these goals, according to various intermediate steps that will hand him newly created stock in the company as he nears the ultimate targets.
That could help him eventually top what is now considered America's all-time richest man, John D. Rockefeller.
The railroad titan is estimated by Guinness World Records to have been worth $630 billion, in current dollars, at his peak wealth more than 110 years ago. Musk is worth $493 billion, as estimated by Forbes magazine.
Musk's win came despite opposition from several large funds, including Calpers, the biggest U.S. public pension, and Norway's sovereign wealth fund.
Please first to comment
Related Post
Stay Connected
Tweets by elonmuskTo get the latest tweets please make sure you are logged in on X on this browser.
Energy




