{"id":13709,"date":"2025-11-07T15:34:46","date_gmt":"2025-11-07T15:34:46","guid":{"rendered":"https:\/\/diversitynewsmagazine.com\/?p=13709"},"modified":"2025-11-07T15:36:19","modified_gmt":"2025-11-07T15:36:19","slug":"elon-musk-1-trillion-tesla-pay-deal-wins-shareholder-approval","status":"publish","type":"post","link":"https:\/\/diversitynewsmagazine.com\/elon-musk-1-trillion-tesla-pay-deal-wins-shareholder-approval\/","title":{"rendered":"Elon Musk\u2019s $1 Trillion Tesla Pay Deal Wins Shareholder Approval"},"content":{"rendered":"<p data-start=\"216\" data-end=\"431\"><strong data-start=\"216\" data-end=\"235\">Austin, Texas \u2014<\/strong> Tesla shareholders have officially approved a historic pay package for CEO Elon Musk that could reach nearly <strong data-start=\"345\" data-end=\"360\">$1 trillion<\/strong>, marking one of the largest compensation deals in corporate history.<\/p>\n<p data-start=\"433\" data-end=\"702\">During the company\u2019s annual general meeting on Thursday, roughly <strong data-start=\"498\" data-end=\"521\">75% of shareholders<\/strong> voted in favor of the record-breaking plan. The approval drew thunderous applause as Musk took to the stage, celebrating the moment with an impromptu dance amid chants of his name.<\/p>\n<p data-start=\"704\" data-end=\"965\">\u201cWhat we\u2019re about to embark upon is not merely a new chapter of the future of Tesla, but a whole new book,\u201d Musk told the audience at Tesla\u2019s Austin headquarters. \u201cOther shareholder meetings are snoozefests, but ours are bangers. Look at this \u2014 this is sick.\u201d<\/p>\n<h2 data-start=\"972\" data-end=\"1011\"><strong data-start=\"975\" data-end=\"1011\">Inside Musk\u2019s Record Pay Package<\/strong><\/h2>\n<p data-start=\"1013\" data-end=\"1180\">Under the deal, Musk will receive <strong data-start=\"1047\" data-end=\"1060\">no salary<\/strong> \u2014 instead, his compensation will depend entirely on achieving several massive performance goals over the next decade.<\/p>\n<p data-start=\"1182\" data-end=\"1269\">To unlock the full value of the package, Musk must meet ambitious targets, including:<\/p>\n<ul>\n<li data-start=\"1273\" data-end=\"1348\">Producing <strong data-start=\"1283\" data-end=\"1312\">20 million Tesla vehicles<\/strong> and <strong data-start=\"1317\" data-end=\"1346\">1 million humanoid robots<\/strong><\/li>\n<li data-start=\"1351\" data-end=\"1434\">Reaching <strong data-start=\"1360\" data-end=\"1388\">10 million subscriptions<\/strong> for Tesla\u2019s Full Self-Driving (FSD) service<\/li>\n<li data-start=\"1437\" data-end=\"1513\">Launching <strong data-start=\"1447\" data-end=\"1491\">1 million self-driving robotaxi vehicles<\/strong> into commercial use<\/li>\n<li data-start=\"1516\" data-end=\"1563\">Earning up to <strong data-start=\"1530\" data-end=\"1546\">$400 billion<\/strong> in core profit<\/li>\n<li data-start=\"1566\" data-end=\"1642\">Raising Tesla\u2019s total market value from <strong data-start=\"1606\" data-end=\"1640\">$1.4 trillion to $8.5 trillion<\/strong><\/li>\n<\/ul>\n<p data-start=\"1644\" data-end=\"1775\">If all these milestones are met, Musk will receive <strong data-start=\"1695\" data-end=\"1732\">over 400 million new Tesla shares<\/strong>, potentially worth around <strong data-start=\"1759\" data-end=\"1774\">$1 trillion<\/strong>.<\/p>\n<p data-start=\"1777\" data-end=\"1916\">Tesla\u2019s board defended the decision, saying Musk could leave the company if the plan was rejected \u2014 a risk they were not willing to take.<\/p>\n<h2 data-start=\"1923\" data-end=\"1967\"><strong data-start=\"1926\" data-end=\"1967\">Spotlight Shifts to the Optimus Robot<\/strong><\/h2>\n<p data-start=\"1969\" data-end=\"2226\">Much of Musk\u2019s presentation focused not on cars, but on Tesla\u2019s humanoid robot, <strong data-start=\"2049\" data-end=\"2060\">Optimus<\/strong> \u2014 a prototype first unveiled in 2022. Designed to handle \u201cunsafe, repetitive, or boring tasks,\u201d Optimus uses the same <strong data-start=\"2179\" data-end=\"2196\">AI technology<\/strong> that powers Tesla vehicles.<\/p>\n<p data-start=\"2228\" data-end=\"2344\">Musk has called the robot essential to Tesla\u2019s future, envisioning it working in factories and, eventually, homes.<\/p>\n<p data-start=\"2346\" data-end=\"2541\">\u201cLet it sink in where Musk\u2019s head is at,\u201d wrote analyst Gene Munster of Deepwater Asset Management on X. \u201cHis vision of the \u2018new book\u2019 starts with Optimus \u2014 no mention of cars or robotaxi yet.\u201d<\/p>\n<p data-start=\"2346\" data-end=\"2541\"><em><strong>Read Also:<\/strong><\/em>\u00a0<a href=\"https:\/\/diversitynewsmagazine.com\/how-much-money-does-elon-musk-make-a-second\/\" target=\"_blank\" rel=\"noopener\">How Much Money Does Elon Musk Make a Second?<\/a><\/p>\n<h2 data-start=\"2548\" data-end=\"2602\"><strong data-start=\"2551\" data-end=\"2602\">Musk Addresses Self-Driving Tech and Regulation<\/strong><\/h2>\n<p data-start=\"2604\" data-end=\"2762\">Musk also addressed Tesla\u2019s <strong data-start=\"2632\" data-end=\"2659\">Full Self-Driving (FSD)<\/strong> software, claiming the company is \u201calmost comfortable\u201d letting drivers \u201ctext and drive essentially.\u201d<\/p>\n<p data-start=\"2764\" data-end=\"2965\">However, U.S. regulators continue to investigate the technology after several reported incidents where Tesla vehicles allegedly ran red lights or drove on the wrong side of the road, causing crashes.<\/p>\n<p data-start=\"2967\" data-end=\"3087\">Despite the scrutiny, Tesla shares rose slightly after the meeting and have climbed <strong data-start=\"3051\" data-end=\"3087\">over 60% in the past six months.<\/strong><\/p>\n<h2 data-start=\"3094\" data-end=\"3139\"><strong data-start=\"3097\" data-end=\"3139\">Investor Reaction: Divided but Hopeful<\/strong><\/h2>\n<p data-start=\"3141\" data-end=\"3347\">Reactions among shareholders were mixed.<\/p>\n<p data-start=\"3141\" data-end=\"3347\">Ross Gerber, CEO of <strong data-start=\"3204\" data-end=\"3254\">Gerber Kawasaki Wealth &amp; Investment Management<\/strong>, told the BBC the deal was \u201canother notch in the unbelievable things you see in business.\u201d<\/p>\n<p data-start=\"3349\" data-end=\"3605\">While acknowledging Musk\u2019s brilliance, Gerber expressed concern over Tesla\u2019s challenges, including declining sales and the CEO\u2019s polarizing public image.<\/p>\n<p data-start=\"3349\" data-end=\"3605\">\u201cElon seems to be divorced from the reality that his opinion among the public is so low,\u201d he said.<\/p>\n<p data-start=\"3607\" data-end=\"3867\">Wedbush Securities analyst <strong data-start=\"3634\" data-end=\"3646\">Dan Ives<\/strong>, however, praised the decision, calling Musk \u201cTesla\u2019s biggest asset.\u201d<\/p>\n<p data-start=\"3607\" data-end=\"3867\">\u201cWe continue to believe the AI valuation is being unlocked,\u201d Ives noted, predicting that Tesla\u2019s next growth phase will center on AI and robotics.<\/p>\n<h2 data-start=\"3874\" data-end=\"3899\"><strong data-start=\"3877\" data-end=\"3899\">Tesla\u2019s Road Ahead<\/strong><\/h2>\n<p data-start=\"3901\" data-end=\"4223\">Although Tesla remains a leader in electric vehicles, competition from companies like <strong data-start=\"3987\" data-end=\"3996\">Waymo<\/strong> and other EV manufacturers is intensifying. Musk\u2019s renewed focus on AI, robotics, and automation signals a shift in Tesla\u2019s long-term strategy \u2014 one that could redefine not only the company but the future of technology itself.<\/p>\n<p data-start=\"4225\" data-end=\"4379\">As Musk put it: \u201cThe next chapter for Tesla isn\u2019t just about cars \u2014 it\u2019s about the future of intelligence, automation, and what it means to be human.\u201d<\/p>\n<p data-start=\"4225\" data-end=\"4379\"><em><strong>Source:<\/strong><\/em> <a href=\"https:\/\/www.bbc.com\/news\/articles\/cwyk6kvyxvzo\" target=\"_blank\" rel=\"nofollow noopener\">BBC.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Austin, Texas \u2014 Tesla shareholders have officially approved a historic pay package for CEO Elon Musk that could reach nearly $1 trillion, marking one of the largest compensation deals in corporate history. During the company\u2019s annual general meeting on Thursday, roughly 75% of shareholders voted in favor of the record-breaking plan. The approval drew thunderous<\/p>\n","protected":false},"author":4,"featured_media":13711,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[],"class_list":{"0":"post-13709","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Elon Musk\u2019s $1 Trillion Tesla Pay Deal Wins Shareholder Approval - Diversity News Magazine<\/title>\n<meta name=\"description\" content=\"Tesla shareholders have officially approved a historic pay package for CEO Elon Musk that could reach nearly $1 trillion, marking one of the largest compensation deals in corporate history.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/diversitynewsmagazine.com\/elon-musk-1-trillion-tesla-pay-deal-wins-shareholder-approval\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elon Musk\u2019s $1 Trillion Tesla Pay Deal Wins Shareholder Approval - 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