Tesla shareholders approve $1 trillion reward package for Elon Musk

Elon Musk - Ảnh 1. — Tesla shareholders have approved a new compensation package, paving the way for Mr. Musk to become the first trillionaire - Photo: AFP

Tesla shareholders approved a potential $1 trillion compensation package for CEO Elon Musk, with more than 75% of the votes in favor, according to Bloomberg on November 7. This is the largest payout in global corporate history.

Tesla's "challenges" for Elon Musk

The deal paves the way for Mr Musk, already the world's richest person, to become the world's first trillionaire, and could boost his stake in Tesla to 25% or more over the next decade.

According to the plan, Mr. Elon Musk will only receive the full bonus when Tesla reaches a series of goals for market capitalization, revenue, and profit. Specifically, the company needs to reach a capitalization of 8.5 trillion USD, eight times the current level, and at the same time deploy millions of self-driving cars, humanoid robots, and robotaxis in commercial service.

Mr. Musk is also required to deliver $400 billion in real profits for the company in four consecutive quarters. Tesla’s real profits in the third quarter of 2025 were $4.2 billion, down 9% from the previous year.

If he completes the milestones, CEO Elon Musk will receive an additional 12% of Tesla stock, and must stay with the company for at least seven and a half years. At that time, the total value of his shares could reach $2.4 trillion.

As of November, Mr. Musk's net worth was $460 billion, the highest in the world, according to the Bloomberg Billionaires Index.

Speaking at the shareholder meeting, Mr. Elon Musk declared: "This is not just a new chapter for Tesla, but a new book where we accelerate vehicle production and develop Optimus robots faster than anything ever seen in human history."

He described the Optimus robot, which is still in the testing phase, as "the future of humanity" and "the greatest product of all time", with potential applications in medicine , manufacturing, and security.

The Tesla CEO believes this compensation package is necessary to give him enough control over the company and to push forward the vision of the robot army he is building.

Mr. Musk's controversial bonus package

According to the Guardian , Mr. Musk's huge remuneration is estimated to be equivalent to the GDP of countries like Sweden or Argentina, far exceeding the budget for social programs of the US Government .

New York State Comptroller Thomas DiNapoli said it was "pay for unchecked power, not performance."

Senator Bernie Sanders called the package "absolutely ridiculous," saying that "while millions of people cannot afford housing and health care, one individual holds more wealth than 52% of American households combined."

Musk’s 2018 multi-billion dollar compensation package was previously struck down by a Delaware court, forcing Tesla to move its legal headquarters to Texas and appeal the ruling. Last August, the company’s board approved a $30 billion interim bonus as compensation for the canceled plan.

Mr Musk’s fortune has fluctuated wildly over the past year. He started the year with a net worth of around $450 billion, but that value has fallen as his controversial political activities have sent Tesla shares plunging.

Mr Musk's fortune has since recovered thanks to rising stock prices and high valuations of his own companies like xAI and SpaceX.

Tesla also said it was still reviewing the results of the vote on its proposal to invest in xAI, Musk's artificial intelligence company. Although the majority of votes were in favor, the high number of abstentions made the issue need further discussion.

This proposal is advisory in nature and does not bind the company to implement it, but Mr. Elon Musk has publicly supported it and proposed that Tesla invest 5 billion USD in xAI in the future.

XUAN THAO

Source: https://tuoitre.vn/tesla-co-dong-thong-qua-goi-thuong-1-000-ti-usd-cho-elon-musk-20251107095812467.htm