Tesla shareholders approve $1tn pay package for Elon Musk

Core Points - Tesla shareholders approved a $1 trillion compensation plan for CEO Elon Musk, which could be the largest corporate payout in history if performance goals are met [1][2] - Over 75% of investors voted in favor of the plan, indicating strong belief in Musk's leadership amid advancements in robotics and AI [2] - Musk aims to exert more control over Tesla and its future direction, particularly in robotics [2] Compensation Plan Details - The compensation plan is structured in 12 tranches, requiring Musk to guide Tesla to a market capitalization of $8.5 trillion, eight times its current value [3][4] - Musk must remain vested in the company for at least 7.5 years and develop a long-term succession plan [4] - If successful, Musk could increase his ownership of Tesla stock to 25% [5] Performance Milestones - Musk is tasked with delivering 20 million electric vehicles, selling 10 million full self-driving subscriptions, developing 1 million humanoid robots, and deploying 1 million robotaxis over the next decade [5] - The plan also requires Tesla to achieve $400 billion in actual earnings for four consecutive quarters [6] - Tesla's actual earnings for Q3 2025 were reported at $4.2 billion, a 9% decrease from the previous year [6]