Tesla shareholders have approved a record-breaking $1 trillion pay package for the company’s boss Elon Musk. The Elon Musk $1 trillion pay package was approved by 75 percent of the votes cast by shareholders during the company’s annual general meeting that was held on Thursday November 6, 2025.
The vote was conducted with a catch that would have seen Musk exit the Tesla CEO position if the pay package had been rejected.
Musk is already ranked as the world’s richest man by Forbes, with a net worth estimate of $491.4 billion as at Thursday November 6, 2025.
Musk does not take a salary from Tesla. As such, the approved pay package will be in form of shares. Apparently, the Tesla boss will receive up to 423.7 million additional Tesla shares over the next ten years based on certain milestones.
One of these milestones will be to push Tesla’s market valuation from $1.4 trillion as at the time of the resolution to $8.5 million, at which point the shares grant will be worth an estimated $1 trillion.
In addition to this, Tesla will be required to achieve certain financial and operational targets for Musk to access the whole grant, which will be distributed in twelve equal blocks. One of these targets will be to get one million self-driving Robotaxi vehicles into commercial operation.
Market statistics show that for the company to hit $8.5 trillion in valuation, Tesla shares will need to jump by 466 percent from the price of $4445.91 on Nasdaq as at November 6, 2025.
This will be 70 percent higher than the $5 trillion market valuation that was recently achieved by Nvidia, which is currently the most valuable company in the world.
The pay package came as Tesla prepares to diversify from making and selling electric vehicles to making and selling self-driving vehicles which include a fleet dubbed as Robotaxi, as well as humanoid robots.
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