Elon Musk steps off Air Force One upon arrival at Morristown Municipal Airport in Morristown, New Jersey, March 22, 2025. BRENDAN SMIALOWSKI / AFP
Tesla shareholders on Thursday, November 6, overwhelmingly endorsed a massive pay package for CEO Elon Musk that could reach $1 trillion.
The pay package – crafted to ensure Musk's continued service to Tesla as the company pursues breakthrough technology on artificial intelligence and robotics – won more than 75% support from shareholders, a Tesla official said at the company's annual meeting.
"I'd like to just give a heartfelt thanks to everyone who supported the shareholder votes," a euphoric Musk told the gathering. "I super-appreciate it." Cheers of "Elon" broke out after the vote result was announced at the gathering, which was held at the company's factory in Austin.
Musk has emerged as a lightning rod figure, in part due to his embrace of right-wing politicians including President Donald Trump. But Thursday's vote marked the latest demonstration of the entrepreneurial billionaire's resonance with investors.
