Fri, 07 Nov 2025

Fri, 07 Nov 2025 Elon Musk's $1tn pay deal approved by Tesla shareholders

The richest man in the world will get hundreds of millions of new shares if he hits his targets.

* Tesla shareholders have approved a record-breaking pay package worth nearly $1tn (£760bn) for CEO Elon Musk.
* The deal requires Musk to raise the company's market value to $8.5tn from $1.4tn in 10 years and achieve other targets, such as launching a million self-driving Robotaxi vehicles.
* Shareholders voted in favor of the package by 75%, despite criticism over its scale.
* Tesla must meet these milestones or Musk will not receive hundreds of millions of new shares worth potentially hundreds of billions of dollars.
* The pay deal has been criticized by some analysts, with one calling it "sick" and another saying it shows Musk is more focused on his personal goals than the company's electric vehicle business.
* US regulators are investigating Tesla's self-driving feature after multiple incidents involving its vehicles driving through red lights or on the wrong side of the road.
* Tesla shares have risen over 62% in the last six months, but sales have slid since Musk aligned himself with US President Donald Trump.
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