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Tesla Shareholders Approve Elon Musk's Record $1 Trillion Pay Deal. Tesla shareholders have approved a record-breaking pay package for Elon Musk — a deal that could be worth nearly $1 trillion if he meets ambitious growth goals. At the company's annual meeting in Austin, 75% of shareholders voted in favor, prompting cheers as Musk took the stage and danced to chants of his name. Under the plan, Musk will receive hundreds of millions of new Tesla shares if he can raise the firm's market value to $8.5 trillion and launch a million self-driving Robotaxi vehicles within a decade. Critics have slammed the payout as excessive, but Tesla's board insisted it was necessary to keep Musk from leaving. Despite ongoing investigations into Tesla's self-driving tech, the company's stock has surged over 60% in the past six months. Musk called the approval "a new book" for Tesla's future — one he hopes will be written with AI and robotics at its core.
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