The Daily Aus Elon Musk's trillion-dollar payday
Nov 10, 2025
Tesla shareholders recently greenlit a groundbreaking pay package for Elon Musk that could net him nearly a trillion dollars. This stock-based deal hinges on ambitious targets, including a market cap of $8.5 trillion and specific goals like vehicle deliveries and robot advancements. Reactions vary, with some analysts praising potential shareholder benefits while others highlight concerns over power and inequality. The discussion dives into what this means for corporate governance and the feasibility of such vast wealth.
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Shareholder Approval Was Overwhelming
- Tesla shareholders approved a new pay package with roughly 75% support, though Elon Musk controls about 15% himself.
- Major institutional investors split, but the package still passed overwhelmingly at the AGM in Texas.
AGM Theatrics In Austin
- At the Austin AGM Musk appeared on stage with a Tesla robot and received chants of his name.
- He framed the package as opening 'a whole new book' for Tesla's future.
Pay Is Equity, Not A Paycheck
- The package is not cash but up to 423 million Tesla shares issued over 10 years tied to milestones.
- The biggest hurdle requires growing Tesla's market cap from $1.4T to $8.5T, an unprecedented target.