Tesla Shareholders Approve Elon Musk’s Record $1 Trillion Pay Deal Amid Bold AI and Robot Ambitions

AUSTIN, Nov 6 — Tesla shareholders have approved CEO Elon Musk’s record-breaking compensation package, potentially worth nearly $1 trillion, with 75% voting in favor. The deal ties Musk’s payout to ambitious milestones, including delivering 20 million vehicles, producing one million robotaxis, and achieving a market valuation of $8.5 trillion within the decade. The package, which excludes a salary, could grant Musk over 400 million Tesla shares if all goals are met. At the firm’s annual meeting,

$1 Trillion Pay Deal

Musk celebrated the approval, calling it “a new book for Tesla’s future,” while highlighting the Optimus humanoid robot as central to the company’s next phase. Analysts noted his focus on robotics over electric vehicles, sparking debate about Tesla’s strategic direction. Despite regulatory probes into its self-driving technology, Tesla’s shares have risen 62% in six months, underscoring investor confidence in Musk’s leadership despite ongoing controversies.

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