Elon Musk in Glendale, Ariz., on Sept. 21, 2025.Patrick T. Fallon/AFP/Getty ImagesTesla investors on Thursday approved a new compensation package for Elon Musk that could allow the CEO to earn up to $1 trillion worth of company stock.
That kind of payday—at a time when
the compensation gulf between the C-suite and regular employees is staggering—
has proven controversial, except among Tesla investors: Three in four favored the proposal.
Wedbush analyst Dan Ives, a longtime Tesla bull, called Musk “a wartime CEO as the AI Revolution takes hold.”
The world’s richest man will have to meet several goals to earn his 423 million share reward. Among them: Shipping 1 million Optimus humanoid robots, launching 1 million robotaxis, and lifting Tesla's market capitalization to an eye-watering $8.5 trillion.
(Tesla’s market cap is $1.40 trillion today. The first company to break the $5 trillion ceiling, Nvidia, only briefly did so last month.)
Money aside, the Tesla shares will give Musk more than 25% voting control over the company. The CEO said last month that he “need[s] enough voting control to give a strong influence, but not so much that I can’t be fired if I go insane.”
—AN