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Tesla shareholders to decide on Musk's $1T pay package

3 0
06.11.2025
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Tesla shareholders decide fate of Musk's $1T pay package

Tesla shareholders are set to vote Thursday afternoon on whether to approve CEO Elon Musk's new compensation plan.

© AP

The pay package grants Musk about 423 million shares in the electric vehicle maker, which would be worth nearly $1 trillion if the company reaches a series of milestones as required under the agreement.

This could make Musk, already the world’s richest person, the world’s first trillionaire.

The Tesla board has argued the expansive pay package is necessary to keep the tech mogul on board and focused on the company — a key concern for investors earlier this year when he was heavily involved in the Trump administration.

When the EV maker initially laid out the proposal in September, it argued it was “imperative for Tesla’s continued success and transformative growth that Mr. Musk be retained and highly incentivized to focus a significant amount of his time and efforts towards achieving his vision for Tesla.”

The pay package requires the company to reach a market capitalization of........

© The Hill