Elon Musk is inching toward trillionaire territory after Tesla shareholders delivered a resounding vote of confidence, approving a compensation package that cements his grip on the electric-vehicle maker and its AI ambitions.
At Tesla’s 2025 Annual Shareholder Meeting, the firm’s general counsel, Brandon Earhart, said that shareholders had greenlit Musk’s $1 trillion pay package, garnering an overwhelming 75% vote.
Following the announcement, participants erupted with cheers and applause, and almost everyone stood up to express their exhilaration.
Elon Musk entered the stage and danced with a pair of robots.
Said Musk,
“First of all, I would like to just give heartfelt thanks to everyone who supported the shareholder votes. I super appreciate it. Thank you, everyone…
What we’re about to embark upon is not merely a new chapter of the future of Tesla but a whole new book. This is going to be quite a story.”
Musk said the company’s humanoid program will be central to its future, signaling massive scale for next-generation robotics.
“The scale of Optimus, that’s really going to be something else. I think it’s going to be the biggest product of all time by far – bigger than cellphones, bigger than anything… Every human on Earth is going to want to have their personal R2D2, C3PO. Who wouldn’t? But actually, Optimus would even be better than them…
In terms of industry providing products and services, I think it’s probably three to five robots in industry for every one that’s a personal robot. I think there could be tens of billions of Optimus robots out there.”
The $1 trillion Tesla stock package spans up to a decade, divided into a dozen tranches that only vest if the electric vehicle maker’s market capitalization surges toward $8.6 trillion and operational objectives such as delivering 20 million vehicles, achieving $400 billion in adjusted EBITDA, and deploying one million robotaxis and one million humanoid Optimus robots are met.
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