Tesla shareholders approve proposal to pay CEO Elon Musk up to $1 trillion in compensation
At a Tesla shareholders meeting in Austin, Texas, attended by CEO Elon Musk, a proposal was approved to pay Musk up to $1 trillion (approximately 153 trillion yen) in compensation over 10 years if certain targets are met.
Tesla shareholders approve $1 trillion pay package for Elon Musk
https://www.nbcnews.com/tech/elon-musk/tesla-elon-musk-shareholder-meeting-1-trillion-dollar-pay-package-rcna242223
Tesla shareholders approve $1tn pay package for Elon Musk | Tesla | The Guardian
https://www.theguardian.com/technology/2025/nov/06/tesla-1tn-pay-package-elon-musk
Musk appeared on stage with the humanoid robot Optimus and expressed his gratitude for the approval of the compensation package proposal, which received more than 75% of the votes.
The reward package is divided into 12 levels, as follows:
| Market value (market capitalization) | Operational Milestones | Estimated Reward |
|---|---|---|
| 2 trillion dollars (approximately 306 trillion yen) | 20 million units delivered | $22 billion (approximately 3.37 trillion yen) |
| $2.5 trillion (approximately 382 trillion yen) | 10 million active FSD subscriptions | $55 billion (approximately 8.41 trillion yen) |
| 3 trillion dollars (approximately 459 trillion yen) | 1 million Optimus units delivered | $98 billion (approximately 15 trillion yen) |
| $3.5 trillion (approximately 536 trillion yen) | 1 million robotaxis in operation | $153 billion (approximately 23.4 trillion yen) |
| 4 trillion dollars (approximately 612 trillion yen) | EBITDA $50 billion (approximately 7.65 trillion yen) | $219 billion (approximately 33.5 trillion yen) |
| $4.5 trillion (approximately 688 trillion yen) | EBITDA: $80 billion (approximately 12.2 trillion yen) | $295 billion (approximately 45.2 trillion yen) |
| 5 trillion dollars (approximately 765 trillion yen) | EBITDA: $130 billion (approximately 19.9 trillion yen) | $383 billion (approximately 58.6 trillion yen) |
| $5.5 trillion (approximately 842 trillion yen) | EBITDA: $210 billion (approximately 32.1 trillion yen) | $481 billion (approximately 73.6 trillion yen) |
| 6 trillion dollars (approximately 918 trillion yen) | EBITDA: $300 billion (approximately 45.9 trillion yen) | $591 billion (approximately 90.5 trillion yen) |
| $6.5 trillion (approximately 1000 trillion yen) | EBITDA: $400 billion (approximately 61.2 trillion yen) | $711 billion (approximately 109 trillion yen) |
| $7.5 trillion (approximately 1150 trillion yen) | - | $902 billion (approximately 138 trillion yen) |
| $8.5 trillion (approximately 1,300 trillion yen) | - | $1.1 trillion (approximately 168 trillion yen) |
Musk will receive performance-based restricted stock compensation rather than cash, with each share amounting to approximately 35 million shares, and he will need to stay with the company for at least five years, and possibly as long as 10, to fully realize the economic benefits.
Tesla is one of the top 10 US companies by market capitalization, with a market capitalization of over $1 trillion, but to meet the 12th stage goal, it needs to increase its value by approximately seven to eight times.
Several investors criticized the proposal, saying that giving Musk more power would concentrate power in an unstable leader and ignore the challenges Tesla faces.
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