WSJ Minute Briefing Tesla Shareholders Approve Musk’s Trillion Dollar Pay Package
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Nov 7, 2025 Tesla shareholders greenlight a staggering $1 trillion pay package for Elon Musk, paving the way for him to potentially acquire over 25% control. Amid mixed feelings, there's uncertainty surrounding Tesla's proposed investment in Musk's AI startup. The visionary plans to position Tesla as a leader in AI and robotics, transcending its EV roots. In other news, a federal judge mandates full funding for SNAP benefits this November, while the FAA cuts flights at 40 airports due to the ongoing government shutdown.
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Musk's Staggering Pay Package Gains Approval
- Tesla shareholders approved Elon Musk's $1 trillion pay package that could give him over 25% control if milestones are met.
- The vote was contentious and highlights Musk's expanding influence over Tesla's future direction.
Board Investment In XAI Faces Confusion
- Shareholders debated a proposal for Tesla to invest in Musk's AI startup XAI and showed mixed support.
- Musk aims to pivot Tesla toward robotics and AI to compete in the broader AI race.
Judge Orders Full SNAP Funding Immediately
- A federal judge ordered the administration to fully fund November SNAP benefits by today, rejecting partial payments from contingency funds.
- The administration said it would appeal while being told to find alternative funding to cover the gap.