Tesla board to vote on Elon Musk’s $1T package

Tesla shareholders will vote today on CEO Elon Musk’s proposed pay package, which could make him the world’s first trillionaire and boost his ownership stake in the company from 12% to 29%.

The 10-year compensation plan would grant Musk Tesla shares worth up to $1 trillion if the company meets ambitious targets, including an $8.5 trillion valuation, production of 20 million vehicles, deployment of 1 million robotaxis, and 10 million Full Self-Driving subscriptions.

If approved, analysts estimate Musk would be making $275 million a day.

Supporters like Wedbush’s Dan Ives call Musk a “key asset” essential for leading Tesla into an AI-driven, robotic future.

Opponents, however, argue that the payout is excessive and unfair. Major investors, including Norway’s sovereign wealth fund and several US pension funds, plan to vote ‘no’, and have done so for his previous pay package.

Big advisory firms Glass Lewis and ISS say Tesla’s pay proposal would dilute shareholders’ stakes. Musk, his brother, and several friends already sit on the board and have voting power.

Tesla’s financial performance weakened in 2025, marked by declining sales and profits, as well as reduced US government EV incentives.

Still, Musk and his supporters argue that the company’s future lies in autonomous vehicles, robotaxis, and humanoid robots—ventures that remain under development.