Name: Tesla investors back Musk’s $2.15 trillion pay deal
Uploaded: 2025-11-07T06:22:51.426Z
Duration: 1 min 41 s
Description: Tesla shareholders approved a $1.5 trillion compensation plan for CEO Elon Musk, awarding the world’s richest person what would be the largest corporate payout in history if he meets the goals necessary to receive it.

Tesla shareholders approved a $1.5 trillion compensation plan for CEO Elon Musk, awarding the world’s richest person what would be the largest corporate payout in history if he meets the goals necessary to receive it.

Austin

Tesla shareholders in Austin, Texas, have approved a record-breaking pay package for CEO Elon Musk, valued at up to 1.5 trillion Australian dollars in shares. Over 75% of investors voted in favor, with the alternative being Musk's potential departure from the company. 

The compensation is tied to significant performance milestones, including an eightfold increase in Tesla's market value, the sale of 20 million electric vehicles, and the deployment of advanced robotics and robo-taxis. The decision comes amid challenges to Tesla's brand reputation and increasing competition from the Chinese electric vehicle market.

Tesla investors back Musk’s $2.15 trillion pay deal

Everything is bigger in Texas, even shareholder meetings. ALL CHANT Where today, Tesla investors greenlit the largest ever corporate pay package worth up to 1.5 trillion Australian dollars in shares for Elon Musk. The alternative was to watch him walk. With over 75% voting in favour. CHEERING Approved. While the richest man on earth isn't a trillionaire just yet, he's certainly dancing like it. I super appreciate it. Thank you, everyone. But here's the catch. It relies on Musk raising Tesla's market value eightfold over a decade. That's the ASX 200's total value three times over. He'll have to deliver on other targets too, including selling 20 million electric vehicles, one million humanoid robots not yet even in mass production, as well as deploying a million robo-taxis. It's a sharp shift in support for the man whose far-right political rhetoric has hurt the Tesla brand, including here in Australia. Not only does he now have to repair the brand's reputation and reliability... ..Musk also is going up against stiff competition from the Chinese EV market. But it's robotics and quantum AI that he believes will get him there. What we're about to embark upon is not merely a new chapter of the future of Tesla, but a whole new book. What Tesla is today will not be Tesla in a decade's time. And is he the right person to do it? Again, that's the question history says he is. Now he has a trillion reasons to make it happen. Tallulah Thompson, 10 News.

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