November 6, 2025, 4:59 PM 1:31 Tesla co-founder and CEO Elon Musk gestures while introducing the newly unveiled all-electric battery-powered Tesla Cybertruck at Tesla Design Center in Hawthorne, Calif., Nov. 21, 2019. Frederic J. Brown/AFP via Getty Images Tesla shareholders awarded CEO Elon Musk a pay package on Thursday that could grant the tech entrepreneur nearly $1 trillion in compensation over the next decade. The pay package would make Musk the best-compensated CEO ever recorded. According to a securities filing in September, Musk would rake in roughly $900 billion over the duration of the agreement. Approval of the compensation package received more than 75% of the shareholder vote, Tesla General Counsel Brandon Erhart said during the shareholder meeting on Thursday. Tariffs have been Donald Trump's personal crusade. Now, a Supreme Court test The full compensation would only be delivered if Musk vaults the company from its present value of $1.1 trillion to $8.5 trillion, a figure that exceeds the current combined market values of Meta, Microsoft and Google-parent Alphabet, the filing says. The compensation package also includes a set of production goals, including one million Robotaxis in commercial operation and the delivery of one million humanoid robots over the next 10 years, according to the securities filing. Before Tesla released the results of the shareholder vote, some major shareholders said they had voted down the proposal. Norway's $2 trillion sovereign wealth fund said Tuesday that it had voted against the pay package, raising concerns about its scale and potential risks. "While we appreciate the significant value created under Mr. Musk’s visionary role, we are concerned about the total size of the award, dilution, and lack of mitigation of key person risk consistent with our views on executive compensation," Norges Bank Investment Management, the manager of the fund, said in a statement. Musk, considered the world's richest person, currently boasts a net worth of about $504 billion, according to Forbes. If he were to receive the full pay package, Musk would become the world's first-ever trillionaire. The pay package could also increase Musk's ownership stake in Tesla to as much as 29%. Musk has long pursued a larger ownership stake. “We are at a pivotal juncture in Tesla’s history, and the proposals the Special Committee has carefully designed and the Board has put forward will help determine Tesla’s future,” the company’s website said earlier this week. “If you believe, like us, that Elon is the CEO that can make our ambitious vision a reality, vote NOW.” Online voting among shareholders closed at 11:59 a.m. ET on Wednesday. Popular Reads