Outlook Business Desk
Tesla shareholders, during the company’s annual meeting in Austin on 6 November, approved Elon Musk’s record $1 trillion pay deal — the biggest compensation package ever awarded to a corporate executive.
Over 75% of Tesla shareholders backed Elon Musk’s $1 trillion pay plan, aimed at securing his continued leadership as the company pushes deeper into artificial intelligence and robotics innovation.
The package includes 12 tranches of stock options that vest only when Tesla achieves specific operational and market-cap milestones over the next ten years.
If fully realised, Musk’s stake in Tesla will rise from 13% to 25%, adding around 423 million shares, potentially worth $1 trillion if Tesla hits an $8.5 trillion market capitalisation .
One trillion dollars surpasses the yearly GDP of nations such as the Netherlands, Saudi Arabia, and Switzerland, highlighting the vast scale of Elon Musk’s potential payout through Tesla’s record package.
The amount equals India’s defence budget for nearly 15 years or could build 20,000 hospitals, fund NASA for 50 years, or provide clean water worldwide.
As estimated by CNN, $1 trillion could fund Mars missions, buy every NFL, NBA, and Premier League team, or even acquire every car sold in the US, all major automakers, and global giants like Coca-Cola and ExxonMobil.
Meanwhile, Musk’s potential earnings surpass all global CEO compensations. Microsoft’s Satya Nadella earned $79 million, Apple’s Tim Cook $74.6 million, and Nvidia’s Jensen Huang $49.9 million — far below Musk’s deal.