Tesla Shareholders Approve Elon Musk's $1 Trillion Package

Tesla Shareholders Give Historical Approval to Elon Musk

Tesla shareholders have approved CEO Elon Musk's payment package of approximately $1 trillion, contingent on performance targets. This decision was made during the annual shareholder meeting held in Austin, Texas.

Performance Award and Shareholder Voting

During the meeting, various proposals were put to a vote, including the 2025 CEO Performance Award designated for Musk. More than 75% of shareholders voted in favor of the payment proposal for Musk.

Performance Targets Set for Musk

In September, Tesla management presented the payment proposal to shareholders, stating that Musk must deliver “extraordinary” financial returns and maintain his leadership role in the future. The targets include significant topics such as expanding Tesla's robotaxi business and increasing the company's market value by $7.5 trillion.

Award and Conditions

The letter stated that Musk must remain with the company for 7.5 to 10 years to receive the full payment. It is planned to give Musk approximately 12% of the company’s shares when Tesla's market value reaches $8.5 trillion.

Thus, the total value of this payment package is estimated to be around $1 trillion.