Tesla Shareholders Put Elon Musk On Track To Become World’s First Trillionaire

The vote gives Musk enormous sway over his electric vehicle company, as well as awards him with the largest corporate payout in history. The final tally is expected to be disclosed in a Securities and Exchange Commission filing in a few days.

Musk took the stage at the shareholder meeting in Austin to chants of “Elon! Elon!” and flanked by dancing Optimus robots. “What we’re about to embark upon is not merely a new chapter of the future of Tesla, but a whole new book,” he said.

According to the website, the board first pitched the pay package in September, giving him 423 million additional shares, pushing his stake to about 25 percent, up from 15 percent.

But for Musk to receive full compensation, he would have to meet a series of milestones, which include raising Tesla’s market capitalization from its current $1.5 trillion to $8.5 trillion in 10 years.

He must also get 1 million robotaxis put into service and sell 12 million more cars, 10 million Full Self-Driving subscriptions, and 1 million humanoid robots.

Not all of the shareholders were on board with the idea; Norges Bank Investment Management, one of Tesla’s largest shareholders, voted no.

Major proxy advisory firms Institutional Shareholder Services and Glass Lewis also said nah to the pay proposal.

We shall see if Musk will be able to hit those achievements because he continues to nosedive in popularity, which only hurts Tesla’s standings as a company.

There is also the fact that the Trump administration has done away with the EV credits, another blow to his once budding electric car business.

Social media has also been ripping the decision to make Phony Stark a trillionaire; you can see those reactions below.

This is what oligarchy looks like:

If you're Elon Musk, the richest man alive, Tesla gives you a $1 trillion pay package & Trump gives you a huge tax break.

If you're a poor kid on SNAP, Trump appeals a court decision that would have prevented you from going hungry.

Obscene. pic.twitter.com/urf6dLTvMw

— Sen. Bernie Sanders (@SenSanders) November 7, 2025

50% of workers can't afford healthcare.

People are using buy now, pay later apps to go into debt to buy groceries.

GoFundMe has 250k pages for medical bills and 40k for tuition.

… and Elon Musk gets a $1 trillion pay out.

And people think moms getting SNAP are the problem. pic.twitter.com/IcgDYtYUa3

— Melanie D'Arrigo (@DarrigoMelanie) November 6, 2025

Tesla have approved a $1 trillion pay package for Elon Musk. That's 20 billion times more than a nurse in the UK earns.

Don't let anyone tell you immigrants or disabled people are the problem. It's the richest 1% hoarding all the wealth.

Time to tax the super-rich properly. pic.twitter.com/SOTea56150

— The Green Party (@TheGreenParty) November 7, 2025

Elon Musk would be making $11.4 million per hour, while the average Tesla factory worker earns between $41k to $48k per year— less than a living wage.

He’ll be a trillionaire while his workers are forced to rely on taxpayer funded social safety nets. https://t.co/UsCb6CZUbb

— Melanie D'Arrigo (@DarrigoMelanie) November 7, 2025

Funny. I don't recall Mamdani ever receiving $959 million in corporate welfare from the taxpayers of New York for a 1.2 million square foot facility and being charged just $1 a year for rent. Who could that be? Oh, yeah, it was Elon Musk, the richest man alive worth $500 billion. https://t.co/ogoDVWqNOh

— Warren Gunnels (@GunnelsWarren) November 6, 2025

Elon Musk will be paid $274,000,000.00 per day for the next 10 years.

Capitalism does not work.

— Trump Tracker (@trackingdonald) November 7, 2025