The package ties Musk’s 25% ownership to ambitious financial and production targets through 2035
Tesla shareholders have approved a record-breaking $1 trillion compensation package for CEO Elon Musk, conditional on achieving bold financial and production milestones by 2035. If fully realized, Musk’s stake in Tesla would increase to 25%, up from 12% today.
Over 75% of shareholders voted in favor of the plan.
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Musk celebrated at Tesla’s Gigafactory in Austin, Texas, joined by two Optimus humanoid robots, stating: “Look at us—it’s sensational.”
To unlock the full package, Tesla must reach extraordinary goals: a market capitalization of $8.5 trillion, 20 million vehicles delivered, 1 million robots built, 1 million operational robotaxis, and 10 million Full Self-Driving software subscriptions within a three-month period.
“Tesla must lead not just in the U.S. but across Europe and other regions,” said Seth Goldstein, senior equity analyst at Morningstar.
The plan follows Musk’s controversial $50 billion compensation package from 2018, which faced legal scrutiny over his influence on Tesla’s board. The ongoing case in Delaware Chancery Court prompted the company’s legal relocation to Texas.
Tesla’s board argues the unprecedented plan is crucial to retain Musk’s leadership and maintain his long-term focus. During the Austin event, Musk also announced the Cybercab — a fully autonomous vehicle without steering wheel or mirrors — expected to launch in April 2026, along with the unveiling of the next Tesla Roadster on April 1, 2026.
Photo: Inside EVs
