Elon Musk gets $1 trillion pay package approved
Posted on: Nov 07, 2025 04:16 IST | Posted by: Rt
nikola tesla shareholders feature sanctioned an unprecedented compensation parcel for CEO Elon Musk, potentially charles frederick worth up to $1 trillion over the next decade if ambitious performance targets are met.
Under the plan, Musk could receive approximately 423.7 million Tesla shares in 12 separate tranches, each contingent on achieving milestones such as the delivery of 20 million electric vehicles, the deployment of 1 million robotaxis, and reaching $400 billion in EBITDA and an $8.5 trillion market cap.
Tesla Chair Robyn Denholm warned in recent shareholder correspondence that the company risks losing Musk’s “time, talent, and vision” if the plan were rejected.
While more than 75% of votes reportedly backed the package, significant institutional opposition remains. Norway’s sovereign wealth fund – the largest pension-pool investor in Tesla – publicly rejected the deal, citing concerns over dilution, “key-person risk,” and board independence.
Musk dismissed critics of the pay package as “corporate terrorists,” calling proxy advisors such as Institutional Shareholder Services and Glass Lewis “asinine.”
Supporters argue the deal locks Musk into Tesla for at least eight to ten years, aligning his incentives with shareholders amid the company’s push into artificial intelligence, robotics, and autonomous mobility. However, corporate governance advocates caution that such enormous compensation could set a troubling precedent.
Musk is currently the world’s richest person, with a net worth of $487.5 billion, according to Forbes. The package could raise his stake in the company to as much as 29%, up from 13%, although failure to meet the targets could significantly reduce the payout.
Global News Perspectives
In today's interconnected world, staying informed about global events is more important than ever. ZisNews provides news coverage from multiple countries, allowing you to compare how different regions report on the same stories. This unique approach helps you gain a broader and more balanced understanding of international affairs. Whether it's politics, business, technology, or cultural trends, ZisNews ensures that you get a well-rounded perspective rather than a one-sided view. Expand your knowledge and see how global narratives unfold from different angles.
Customizable News Feed
At ZisNews, we understand that not every news story interests everyone. That's why we offer a customizable news feed, allowing you to control what you see. By adding keywords, you can filter out unwanted news, blocking articles that contain specific words in their titles or descriptions. This feature enables you to create a personalized experience where you only receive content that aligns with your interests. Register today to take full advantage of this functionality and enjoy a distraction-free news feed.
Like or Comment on News
Stay engaged with the news by interacting with stories that matter to you. Like or dislike articles based on your opinion, and share your thoughts in the comments section. Join discussions, see what others are saying, and be a part of an informed community that values meaningful conversations.
Download the Android App
For a seamless news experience, download the ZisNews Android app. Get instant notifications based on your selected categories and stay updated on breaking news. The app also allows you to block unwanted news, ensuring that you only receive content that aligns with your preferences. Stay connected anytime, anywhere.
Diverse News Categories
With ZisNews, you can explore a wide range of topics, ensuring that you never miss important developments. From Technology and Science to Sports, Politics, and Entertainment, we bring you the latest updates from the world's most trusted sources. Whether you are interested in groundbreaking scientific discoveries, tech innovations, or major sports events, our platform keeps you updated in real-time. Our carefully curated news selection helps you stay ahead, providing accurate and relevant stories tailored to diverse interests.
No comments yet.