Brief by Shorts91 Newsdesk / 04:49am on 07 Nov 2025,Friday Business
Tesla shareholders approved Elon Musk's landmark $1 trillion pay package at the company's Austin annual meeting on Thursday, with over 75% investor backing. The compensation is tied to ambitious performance milestones, including boosting Tesla's market value from $1.5 trillion to $8.5 trillion. Musk celebrated by dancing onstage with Tesla's humanoid robot, Optimus, calling it "the beginning of a new chapter." The deal grants Musk an additional 12% stake if Tesla achieves targets including delivering 20 million vehicles annually, deploying 1 million robotaxis, selling 1 million humanoid robots, and generating $400 billion annual profit. Despite opposition from institutional investors like Norway's sovereign wealth fund citing excessive executive compensation, Tesla shares rose 1% post-announcement.
