Tesla CEO Elon Musk is on track to become the world’s first trillionaire after over 75% of shareholders approved a pay package worth up to $1 trillion in stock over the next decade. The approval reflects strong shareholder confidence in Musk’s vision to expand Tesla beyond electric vehicles into AI, robotics, and autonomous technologies.
The plan ties Musk’s rewards to ambitious targets: delivering 20 million electric vehicles, deploying 1 million self-driving robotaxis, selling 1 million humanoid robots, and generating $400 billion in core profit over ten years. If all goals are met, Musk would receive roughly 12% of Tesla’s shares, valued at around $878 billion.
Following the vote, Tesla shares jumped over 3% in after-hours trading. Shareholders also supported Tesla’s potential investment in Musk’s AI startup, xAI, which could strengthen Tesla’s autonomous technology while giving xAI a major commercial partner.
The approval is a major win for Musk amid criticism over slowing sales and public controversies, reaffirming investor faith in his leadership and long-term strategy.
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