Elon Musk's $1tn pay deal approved by Tesla shareholders

Published: 11/7/2025
Elon Musk's $1tn pay deal approved by Tesla shareholders
Tesla shareholders have approved Elon Musk's record-breaking $1 trillion pay deal, with 75% of votes in favor at the annual general meeting in Austin, Texas. The deal requires Musk to significantly increase Tesla's market value over the next decade to receive hundreds of millions of new shares. Despite criticism over the scale of the payout, Musk's focus on initiatives like the Optimus robot and full-self driving technology have drawn attention and expectations for the future of Tesla's business ventures.