Tesla Shareholders Decide Elon Musk Should Be the World's First Trillionaire

[highplainsdem]

Source: Gizmodo

On Thursday, Tesla shareholders approved CEO Elon Musk’s pay package worth as much as $878 billion, an outcome that was widely expected. Musk received 75% approval in the vote. The compensation plan will hand over that wealth in 12 tranches of stock, provided various milestones are hit over the next decade.

The vote occurred at Tesla’s annual shareholder’s meeting in Austin, Texas, and the first milestone that would unlock one of Musk’s 12 payments would be Tesla reaching a market cap of $2 trillion. The company’s market cap currently sits at $1.4 trillion.

Other metrics include delivering 20 million Tesla vehicles, as well as deploying 1 million robotaxis and 1 million humanoid robots. Musk currently holds about 13% of Tesla shares and, if all of the milestones are hit, he would increase his stake to about 25%, according to CNBC.

-snip-

Musk, the wealthiest man in the world, insisted in the lead up to the vote that he deserved the pay package and it wasn’t actually about the money. The billionaire claimed that he needed the vote from shareholders to have influence over Tesla’s “robot army,” trying to suggest that his developments with the Optimus robot could be dangerous if they fall into the wrong hands. Musk has made similar claims about AI potentially destroying humanity if not guided correctly against what he calls the “woke mind virus.”

-snip-

Read more: https://gizmodo.com/telsa-shareholders-decide-elon-musk-should-be-the-worlds-first-trillionaire-2000682469

[wcmagumba]

1. He needs that money soooo bad...who is even buying those POS Tesla cars anymore?

[COL Mustard]

30. He needs that money

To pay for all the kids he’s spawned. And for the ones to come!

[Irish_Dem]

2. Musk is now more dangerous than ever.

How many politicians and elections will he buy?

Tesla needs to go out of business fast.

[Lonestarblue]

36. Agree. I hope more people boycott Tesla and everything Musk.

If/when Democrats get back in control, they need to take a look at all his government contracts. The Trump toadies are putting us over a barrel with space contracts controlled by the whims of one dishonest man whose personal ambitions to colonize Mars do not necessarily support what the US needs. For example, the space station is nearing the end of its life. Where is the analysis of the research that will be lost when it is decommissioned? Do we need a replacement? What now is the purpose of space exploration? It’s cheaper to take care of the Earth we have than to spend billions or trillions on reaching some far-away planet that may or may not support life.

[Silent Type]

3. Bunch of worthless paper unless he meets benchmarks.

[chowder66]

4. Will enough people want to hitch their wagon to crap?

[EarlG]

5. WTF

"Musk, the wealthiest man in the world, insisted in the lead up to the vote that he deserved the pay package and it wasn’t actually about the money. The billionaire claimed that he needed the vote from shareholders to have influence over Tesla’s “robot army,” trying to suggest that his developments with the Optimus robot could be dangerous if they fall into the wrong hands."



Sure wouldn't want them falling into the wrong hands.

[sop]

37. Elon said Optimus robots may one day be assigned to follow "criminals" around to stop them from doing crimes.

[LiberalArkie]

6. Tesla BOD

As of 2025, Tesla's Board of Directors includes Elon Musk, Robyn Denholm, Ira Ehrenpreis, Joe Gebbia, Jack Hartung, James Murdoch, Kimbal Musk, JB Straubel, and Kathleen Wilson-Thompson.

Current Board Members

Elon Musk - Technoking of Tesla and CEO since October 2008. He has been a board member since April 2004.

Robyn Denholm - Chair of the Board, she has been with Tesla since 2014 and has extensive experience in technology and finance.

Ira Ehrenpreis - A venture capitalist and board member since 2007, he brings expertise in technology investments.

Joe Gebbia - Co-founder of Airbnb, he joined the board in 2022, contributing insights from the tech and hospitality sectors.

Jack Hartung - Appointed in June 2025, Hartung is a former executive at Chipotle, where he served as CFO and president. He will also serve on Tesla's audit committee.

James Murdoch - A media executive and board member since 2017, he has a background in global media and telecommunications.

Kimbal Musk - Elon Musk's brother, he has been on the board since 2004 and is involved in various food and sustainability initiatives.

JB Straubel - Co-founder and former CTO of Tesla, he returned to the board in 2020, focusing on sustainability and technology.

Kathleen Wilson-Thompson - A seasoned executive with experience in human resources and corporate governance, she has been on the board since 2020.

[fujiyamasan]

7. I hope the short sellers win

[Bengus81]

34. That shit stock is at 443.66 on tanking sales. Win they will........

[fujiyamasan]

42. Makes no sense

Like the rest of this market.

Palantir is now “cheap” with a PE in the 400s compared to the 600s a week ago. Ridiculous.

[chowder66]

8. Who needs a mega church when you can just go out and hawk shit and call it genius?

[AZ8theist]

9. What the actual FUCK????

"trying to suggest that his developments with the Optimus robot could be dangerous if they fall into the wrong hands"

Like whose?? Loyal Americans? US citizens who actually swear to and uphold the Constitution?

This fucking Nazi will give this shit to the Russians first chance he gets.

"Woke mind virus". Go FUCK YOURSELF Eloon.

[Gore1FL]

10. The most annoying part is that pretty much anyone with retirement funds likely has TSLA somewhere nt

[Mr. Sparkle]

11. This is really not good for us as he will spend a good chunk of it on the Republicans

We need a Tillionaire Tax, asap

[Jack Valentino]

26. The whole Trump "BBB" was money-laundering to the criminal terrorist organization formerly known as

'the Republican Party', using the tax cuts as the vehicle!

Giving big tax cuts to the uber-rich with the expectation that they would contribute more money
to support GQP candidates, moves a certain amount of money
from the taxpayers to the Republican slash American Nazi Party!


The more shit that goes down in this country under the Trump GQP,
the more I think that the French had the "right idea" in their revolution---

just cut their fucking heads off, after a 'trial' of sorts....

[LetMyPeopleVote]

12. Elon Musk wins $1 trillion pay package tying him to Tesla for a decade

In an era of skyrocketing CEO pay, the award is unprecedented. The deal sets up Elon Musk to become the world’s first trillionaire.

Elon Musk wins trillion pay package tying him to Tesla for a decade
In an era of skyrocketing CEO pay, the award is unprecedented. The deal sets up Elon Musk to become the world’s first trillionaire.
Read in The Washington Post: apple.news/A0RF8N1snSA6...

— (@laurarsi.bsky.social) 2025-11-06T22:30:12.502Z

https://www.washingtonpost.com/technology/2025/11/06/elon-musk-tesla-pay-package/

Tesla shareholders overwhelmingly approved a $1 trillion pay package intended to keep Elon Musk in charge of the company for the next decade, as the automaker enters a new phase defined by bets on artificial intelligence.

The measure had met unusual resistance from investors, advisers and activists who argued it was excessive or unmerited, pointing to Musk’s recent track record of work outside Tesla — including his time overseeing the U.S. DOGE Service — some of which has hurt the brand. But Musk also presided over historic gains, turning the company into the world’s most valuable automaker and becoming the world’s richest person......

The pay package heralds a new era of executive compensation even in an already hyperinflated world of CEO pay. Its only close comparison is Musk’s prior deal with Tesla, a $56 billion pay package that is before the Delaware Supreme Court after another Delaware judge invalidated it, citing an allegedly unfair process.

Rohan Williamson, professor of finance at Georgetown University, said Musk’s argument for commanding such a vast paycheck is largely unique to Tesla — though similar deals may become more prevalent in an age of founder-led start-ups.

“No matter how you slice it, it’s a lot,” Williamson said. But the deal seeks to emphasize Musk’s central — even singular — role in the company’s rise, and its fate going forward.

[mdbl]

13. Disgusting.

Don't buy a Tesla.

[LisaM]

14. Tesla has a robot army?

Who the actual fuck landed us in this dystopia?

[Fiendish Thingy]

15. It's highly unlikely all those benchmarks will be met

IIRC, Tesla sales are in the toilet, they’ve had to drop prices significantly and still can’t sell many.

Wouldn’t be surprised to see the stock tank over the next year.

[Deuxcents]

18. I just read an article about a wealth fund voted against this compensation package..

Norges Bank Investment Management (NBIM) said they were concerned about the total size and a few other issues..did they get out voted or did they relent?

[Fiendish Thingy]

24. I think they only owned 17% of the stock

The vote was something like 75% for the package.

[moniss]

16. There is no amount of money or anything else that

he could be given that would remove the appropriate label for him of scum of the earth.

[LetMyPeopleVote]

17. This made me smile

[BidenRocks]

19. Make believe money?

Nobody's worth that!

Disgusting world we have here.

[Scrivener7]

20. Because he'll get a lot more happiness and use out of a few more billion?

Seriously, what is the point of it?

At a certain level, it becomes just a money hoarding mental illness. And he'll still be just as miserable.

[dedl67]

31. In capitalist society great monetary wealth is used as a marker of prestige and status.

In primitive, e.g., hunter-gatherer societies, characteristics such as hunting prowess, ability to defend the group, experience and wisdom in knowing when to move and find resources or care for the sick, were all measures that gave members of a group status and prestige.

In capitalist society, money has replaced those qualities as a marker of prestige. People like Musk and Trump have none of the qualities that gave humans status in pre-capitalist societies. They are only good at amassing money, by whatever means they can. So the need for money by these people is endless.

[NEOBuckeye]

21. He'll still be a miserable piece of shit.

[lonely bird]

22. Don't care what rationale is used

Either give Tesla the corporate death penalty or nationalize it.

Fuck the board and fuck Musk.

[CaptainTruth]

23. Well, no one can accuse them of being smart.

[Jack Valentino]

25. "Let the shareholders EAT CAKE!"

AI Overview
No, Tesla has never paid a cash dividend to its common stock shareholders and has stated it does not plan to in the foreseeable future. The company intends to retain all future earnings to reinvest in its growth.


So how does paying Musk a trillion dollars "reinvest in its growth"???

Fucking stupid! They might have paid him a half-trillion,
and asked for a half-trillion dividend....

[CanonRay]

27. Why anybody still owns this stock is beyond me

[Permanut]

28. Okay, so you could buy 20 billion steaks with thatt.

It's gonna take a while for him to go through those.

[dedl67]

29. "Wherever there is great property, there is great inequality." Adam Smith

"For one very rich man, there must be at least five hundred poor, and the affluence of the rich supposes the indigence of the many." Adam Smith

In this case, indigence of half the country.

[dedl67]

32. "The extent of my money is the extent of my power" Karl Marx in "The Power of Money in Bourgeois Society" 1844

[Borogove]

33. He'll soon have the money to build his colony on Mars.

[BlueKota]

35. It's too bad he can't go and live there now,

and leave the rest of us and the earth alone forever.

[Kid Berwyn]

38. Musk should be broke.

How many innocent people have been killed by his cars?

https://www.tesladeaths.com/

[Fil1957]

39. To get the triilion, in 10 years he has sell 20 million cars and increase the value of the company SIX TIMES!

10 years ago, before he went crazy, that goal might have been possible. But Tesla, once at the forefront of EV technology has fallen behind, and nowadays its cars are rather dull and stodgy compared to others.

Also as part of the package he has to deploy 1 million humanoid robots. He's still going to make a ton of money, but he's not gonna get his trillion.

[Picaro]

40. Tesla shareholders profoundly stupid

Tesla is foundering for a variety of reasons—most of them related to the psychotic megalomania of Elon Musk. But quite a few of them are related to product quality and design.

Tesla market position in Asia and Europe has fallen off a cliff and sales have plummeted. Sales have also fallen sharply here in the US.

Long term prospects are grim.

So, sure give the man a pay package that can only be described as lunatic.

[RedArkGuy]

41. They're signing their company's death warrant

Musk is making terrible decisions. He's gone off the deep end obviously and is now obsessed with Bond villainhood. The stockholders are going to lose their shirts and more.