UPDATE: In a decisive move, Tesla shareholders have just approved Elon Musk’s astonishing $1 trillion pay package, positioning him to potentially become the world’s first trillionaire. The vote, held on November 6, 2025, at Tesla’s headquarters in Austin, Texas, saw over 75 percent of voting shareholders back the plan, despite significant opposition.
This monumental decision comes after weeks of intense scrutiny over Musk’s management and performance at Tesla, particularly as the company faces declining sales and increased competition. The approval not only secures Musk’s financial future but also reflects a strong show of confidence from investors, even as Tesla grapples with a 50 percent drop in sales in Germany last month.
After the vote, Musk expressed gratitude, stating, “Fantastic group of shareholders. Hang on to your Tesla stock,” indicating his commitment to the company despite recent challenges. The approval signals that shareholders still believe in Musk’s vision, even as he threatens to leave if his demands are not met.
The multi-billion dollar package hinges on Musk achieving ambitious goals over the next decade, including increasing Tesla’s market value nearly sixfold and delivering 20 million electric vehicles, a feat that would more than double the company’s production since its founding.
Additionally, Musk aims to deploy over 1 million humanoid robots, which he refers to as a “robot army,” to revolutionize various industries. Achieving these targets would not only significantly boost his wealth but could also reshape the automotive and technology sectors.
This resounding approval comes despite pushback from major investors, including Calpers and Norway’s sovereign wealth fund, and criticisms from corporate watchdogs like Institutional Shareholder Services and Glass Lewis. Critics argue that the deal rewards Musk excessively at a time when Tesla is facing serious operational challenges.
“This vote is about more than money; it’s about control,” Musk emphasized, noting that his stake in Tesla will nearly double to 30 percent, allowing him greater influence over the company’s future.
Market reactions have already begun to shift, with Tesla shares rising by 1.5 percent to $447.27 in after-hours trading following the vote. This reflects a growing optimism among investors, who have seen Tesla shares surge 80 percent over the past year.
As Musk embarks on this ambitious road ahead, the implications of this vote extend beyond just financial metrics. It raises critical questions about corporate governance, executive compensation, and the future direction of one of the world’s most valuable companies.
Looking ahead, all eyes will be on Musk and Tesla as they strive to meet these challenging targets amidst increasing competition in the electric vehicle market and ongoing scrutiny of Musk’s leadership. How well Musk can navigate these hurdles will significantly affect Tesla’s trajectory, shareholder confidence, and potentially his quest to become the world’s first trillionaire.
