Tesla shareholders approve Elon Musk's $1 trillion compensation package with 75% of the vote
Nov 6, 2025
Key Points
- Tesla shareholders approve a $1 trillion stock compensation package for Elon Musk with 75% support, conditional on hitting milestones in vehicle deliveries, autonomous driving subscriptions, robotaxi deployment, and EBITDA targets.
- The Tesla board chair warned Musk could leave if shareholders rejected the pay package, which faced opposition from unions and investors citing excessive compensation.
- The resubmitted package follows a Delaware court's January 2024 decision voiding Musk's original compensation deal, citing inadequate shareholder disclosures and lack of board independence.
Summary
Tesla shareholders approved a $1 trillion stock compensation package for Elon Musk with 75% of the vote. The award ties payouts to operational milestones including vehicle deliveries, FSD subscriptions, robotaxi deployments, and EBITDA targets, and nets Musk $878 billion in value.
Tesla's board chair warned that Musk could leave if the pay package was rejected. The payout faced opposition from unions and some investors who called it excessive.
Delaware Chancellor Kathryn Lehman voided the original compensation package in January 2024, ruling that Musk failed to make adequate disclosures to shareholders and that the board lacked independence in negotiating the deal. This resubmitted package represents Tesla's attempt to win shareholder approval under revised terms with expanded disclosure.