Tesla shareholder meeting updates: Elon Musk gets his $1T

Elon Musk just scored a pay package that could make him the world's first trillionaire. Now comes the hard part — achieving 12 ambitious milestones.

With over 75% of the votes, Tesla shareholders on Thursday approved a compensation plan worth up to $1 trillion, capping a yearslong saga over Musk's pay.

A vote on whether to authorize a Tesla investment into xAI, Musk's AI startup, was less conclusive. Tesla said that while a majority of participating shareholders voted to approve an investment into xAI, there was also a "significant number of abstentions." Tesla said the board will examine the "next steps."

Tesla investors voted on multiple proposals. Chief among them was Musk's pay package, which is contingent on achieving some lofty goals. To earn the full $1 trillion value, Musk must boost Tesla's market cap to $8.5 trillion by 2035, sell 12 million vehicles a year, and deploy one million robotaxis and one million humanoid robots.

The pay package proposal proved divisive.

Weeks ahead of the vote, proxy advisory firms ISS and Glass Lewis have both urged shareholders to reject the proposal.

Musk called the proxy firms "corporate terrorists" during Tesla's recent earnings call, and board chair Robyn Denholm warned shareholders in an October letter that Musk could walk away from the company if they don't approve his compensation.

Tesla's shares have recovered from a sharp downturn earlier in the year, but its sales face an uncertain future after the end of the EV tax credit in the US and increased competition from other automakers.
 

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^_^ -華灜- 給 華灜 發送悄悄話 華灜 的博客首頁 (0 bytes) () 11/06/2025 postreply 14:38:21

Good stuff. Elon兄弟和他的朋友們。周末就知道會通過! -bogbog- 給 bogbog 發送悄悄話 bogbog 的博客首頁 (0 bytes) () 11/06/2025 postreply 14:44:45

黃皮衣是不是也應該搞一個2T salary if NVDA reaches 20T :):)) -QQQ2074- 給 QQQ2074 發送悄悄話 (0 bytes) () 11/06/2025 postreply 15:29:02

英偉達是好公司,但接下來發展有限,能double 就會是很好。 基本avoid不了這規律 -bogbog- 給 bogbog 發送悄悄話 bogbog 的博客首頁 (0 bytes) () 11/06/2025 postreply 15:33:17

站這 -dancingpig- 給 dancingpig 發送悄悄話 (0 bytes) () 11/06/2025 postreply 18:13:41

我覺得有5-10年 good years , similar to AAPL after iPhone released -QQQ2074- 給 QQQ2074 發送悄悄話 (0 bytes) () 11/06/2025 postreply 15:38:26

No. Tesla will be like Apple -bogbog- 給 bogbog 發送悄悄話 bogbog 的博客首頁 (0 bytes) () 11/06/2025 postreply 15:39:57

iPhone剛岀來很長時間很多人不接受,不看好 -bogbog- 給 bogbog 發送悄悄話 bogbog 的博客首頁 (0 bytes) () 11/06/2025 postreply 15:59:11

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