Trillion-Dollar Bet Sealed: Musk's $87.8 Billion Megapayday Approved by Tesla Shareholders

On November 7th, at the annual meeting, Tesla shareholders gave their approval to CEO Elon Musk's compensation plan, which is approximately $1 trillion. This represents the highest compensation ever granted to an executive in corporate history and is in support of his vision to transform Tesla from an electric vehicle manufacturer into an AI and robotics behemoth. More than 75% of the votes were in favor of this unprecedented plan. In the new incentive plan, Musk will receive stocks in installments by driving the growth of Tesla's market value and achieving profit and sales targets. Over a period of 7 and a half years, he is not allowed to sell any of the stocks. The plan consists of 12 batches of stocks, and Musk currently holds approximately 13% of Tesla. If all the rewards are achieved, he will receive 423 million new shares, increasing his stake to around 25%. With each batch of stocks unlocked, Musk will receive the equivalent of about 1% of Tesla's current stock. Musk's goals for the next decade encompass delivering 20 million vehicles, deploying 1 million Robotaxis, selling 1 million robots, and achieving core profits of $400 billion.