Home / Business and Economy / Tesla Shareholders Approve Elon Musk's Colossal $1 Trillion Pay Package
Tesla Shareholders Approve Elon Musk's Colossal $1 Trillion Pay Package
6 Nov
Summary
- Tesla shareholders vote on Musk's $1 trillion pay plan
- Norway's $1.9 trillion fund opposes the "excessive" package
- Musk fears losing control of Tesla if he doesn't get the pay deal
On November 6, 2025, Tesla shareholders gathered in Austin, Texas, to vote on a colossal new pay package for CEO Elon Musk that could be worth up to $1 trillion. The plan, which would give Musk 12 tranches of stock options if he meets aggressive company goals, has drawn significant controversy.
Norway's $1.9 trillion sovereign wealth fund, which holds a 1.2% stake in Tesla, announced it would vote against the package, stating concerns about its "total size, dilution, and lack of mitigation of key person risk." However, Musk argued that the pay deal was necessary to ensure he maintains control over the company, fearing he could be "ousted" in the future if he doesn't get the package.
The shareholder vote also covered the election of Tesla directors and a potential investment by the company in Musk's AI startup, xAI. Independent advisory firms Glass Lewis and ISS recommended voting against Musk's pay plan, calling it "excessive" and "dilutive." Some Tesla directors involved in creating the package are also up for re-election, with Glass Lewis advising investors to approve one but not the others.
Ultimately, Tesla shareholders approved Musk's $1 trillion pay package, solidifying his influence over the electric vehicle giant. The decision could shape the company's future as Musk continues to juggle his roles at Tesla, SpaceX, Neuralink, and other ventures.
