Tesla shareholders face landmark decision: Musk to possibly receive record payout
Photo: Elon Musk (Getty Images)
Elon Musk has urged Tesla shareholders to back his record $1 trillion compensation package, sparking heated debate among investors, according to Bloomberg.
Elon Musk urged Tesla shareholders to approve his proposed $1 trillion compensation package, marking a pivotal moment ahead of the company’s November 6 annual meeting in Austin.
During Tesla’s earnings call, Musk, the world’s richest person, made an unexpected appeal after discussions about AI projects, the Optimus robot, and the robotaxi service. He voiced concern that proxy advisory firms ISS and Glass Lewis, which recommended voting against the plan, "have no understanding of shareholders’ interests."
"I just think that there needs to be enough voting control to give a strong influence," Musk said, interrupting his CFO at the tail end of a 75-minute call. "But not so much that I can’t be fired if I go insane."
CFO Vaibhav Taneja later emphasized that Musk’s compensation plan would only pay out if shareholders see substantial returns.
The move follows Musk’s controversial political involvement and fluctuating fortune, dropping to $297.8 billion in April 2025 before rebounding to $500 billion in October. Now, Musk appears halfway to becoming the world’s first trillionaire.
