Brief by Shorts91 Newsdesk / 05:21pm on 07 Nov 2025,Friday Business
Elon Musk secured a record-breaking $1 trillion Tesla pay package after 75% of shareholders voted in favor at the Texas annual meeting, bringing him closer to becoming the world's first trillionaire. Currently worth $491 billion, Musk celebrated by dancing with Tesla's humanoid Optimus robot on stage. To cash in, he must grow Tesla's market value from $1.4 trillion to $8.5 trillion, sell 20 million cars, and deploy a million robotaxis and robots over the next decade. Despite opposition from Norway's sovereign wealth fund and CalPERS citing excessive compensation, supporters view it as betting on Musk's vision to transform Tesla into an AI and robotics empire.
