Elon Musk on course to become the world's first TRILLIONAIRE: Tycoon sets out his vision for AI cars and robot army to perform surgery and 'eliminate poverty'
- by dailymail
- Nov 07, 2025
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The deal has proved hugely controversial, however, attracting criticism from the Pope and as well as some shareholders including Norway’s sovereign wealth fund.
But amid fears he could walk away from Tesla if the deal was rejected, 75 per cent of shareholders who voted backed it.
Mr Musk had last month branded two advisory groups opposing the package ‘corporate terrorists’.
Experts pointed out that Tesla could be worth a lot less than it currently is without Mr Musk in charge – giving investors a strong incentive to support the pay.
‘What is Tesla worth without Musk or even a part-time Musk? Much less than it is worth now,’ said Brian Quinn, a professor at Boston College Law School.
But Andrew Speke, a spokesman for the High Pay Centre, described it as ‘a truly bleak milestone’.
He said: ‘While we can’t blame all of the world’s ills on the existence of the super-rich, awarding so much to one individual reflects a model of capitalism that feels increasingly dystopian — massively rewarding a tiny few while many people’s living standards continue to decline.
‘The rise of left-economic populism on both sides of the Atlantic shows that discontent with this model of capitalism will only grow. Those who believe in capitalist economics should be the first to call out this excess and argue for a fairer model if they want the system to survive.’
To secure the maximum payout – which will be in the form of Tesla shares – Mr Musk must increase Tesla’s value from $1.4trillion (£1.1trillion) today to $8.5trillion (£6.5trillion) over the next decade.
Tesla must also deliver 20million vehicles, have one million robotaxis on the road, and sell one million robots while raking in more than £300billion in profit.
The deal would see Mr Musk increase his stake in Tesla from 13 per cent to over 25 per cent. But in that time, he will receive no salary or bonus.
Robots from the likes of Tesla could be the next frontier in the AI revolution: Should you invest?
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