Tesla Shareholders Approve Elon Musk's $1 Trillion Compensation Plan

Tesla shareholders have approved a compensation package for CEO Elon Musk, potentially worth up to $1 trillion over the next decade. The plan received over 75% support during the company's annual meeting in Austin, Texas.

The package is structured around 12 tranches of stock options, each tied to specific performance milestones. These include increasing Tesla's market capitalization from approximately $1.5 trillion to $8.5 trillion, delivering 20 million vehicles, deploying 1 million robotaxis, and selling 1 million humanoid robots.

Musk expressed gratitude for the shareholders' support, stating, "I super appreciate it."

Some institutional investors, such as Norway's sovereign wealth fund, opposed the package, citing concerns over its magnitude and potential shareholder dilution.

The approval underscores investor confidence in Musk's leadership and Tesla's strategic direction, particularly in advancing artificial intelligence and robotics technologies.