Elon Musk’s $1 Trillion Tesla Pay Package Approved: Historic CEO Deal
The world’s largest historical salary has been approved, and this salary goes to Elon Musk. Recently, Tesla CEO Elon Musk was approved a historical salary of $1 trillion. Until now, his salary was US$87.75 billion. Now, Elon Musk will be the first person in the world whose salary is $1 trillion.
Tesla Shareholders Strongly Approve Musk’s $1 Trillion Pay Package
Tesla recently held a shareholder meeting in Austin, where Elon Musk received the support of over 75 percent of shareholders. The meeting revealed that Elon Musk’s pay is tied to the company’s long-term goals, such as market value, production scale, and artificial intelligence (AI) development. If the company fails to meet certain targets, CEO Elon Musk could receive a pay cut of approximately $878 billion. If all of the company’s goals are met, Elon Musk’s net worth could exceed $1 trillion, giving him the largest executive pay package in corporate history.
Tesla Sets Bold AI , Robotaxi, and EV Production Goals for Musk’s Pay Deal
The pay package reflects Tesla’s goal to transform itself into a robotics, artificial intelligence, and autonomous tech leader . Key benchmarks include:
- Our target is to produce 2 crore electric vehicles per year within 10 years.
- Bringing at least 1 million robotaxis vehicle to the global market:
- Selling 1 million humanoid robots made by Tesla Optimus.
- Growing Tesla’s valuation to atleast $8.5 trillion.
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Musk’s Vision: “A Whole New Book” | Elon Musk Outlines Tesla’s Future in AI and Robotics Innovation
Board members say that all these goals are set with the future in mind. If we want to sustain this company in an AI-driven world, we need to start building AI-based products now.
Musk said Tesla is entering an entirely new phase, driven by AI-powered mobility and robotics – “not just a new chapter… but an entirely new book.”
Investors Raise Concerns Over Trillion-Dollar Compensation Plan
Some shareholders were not entirely convinced by the record payout. Several major investors, including Norway’s sovereign wealth fund, raised concerns about:
- They said that excessive concentration of power in Musk’s hands is not right.
- Potential share decentralization
- Difficulty adjusting plans over a 10-year period.
Corporate governance experts warn that associating such a large value to a single figure increases pressure and long-term risks.
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Impact of Musk’s $1 Trillion Pay Package on Tesla Stock and Global Markets
Tesla’s stock response has been cautious but steady, as investors evaluate the long-term viability of Musk’s vision.
For perspective, the value of the pay package – approximately ₹88.7 lakh crore – exceeds the economies of many countries.
