Feed: Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics
Feed Link: https://www.engadget.com/
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Title: Tesla shareholders approve Elon Musk's $1 trillion compensation
package

Link: https://www.engadget.com/tesla-shareholders-a...

TeslaΓÇÖs shareholders have voted in favor of a compensation plan that could
see CEO Elon Musk become the world's first trillionaire. The potential
incentives were laid out in September, and the company's shareholders have
agreed to allow this all-or-nothing package for its chief exec, who spent the
first half of this year decimating the US federal government rather than
working on any Tesla-adjacent projects.

The compensation plan lists several targets that the company must reach for
Musk to reap the vast rewards. Tesla must reach a market value of $8.5
trillion, compared with its current worth of about $1.4 billion. Other
requirements are metrics-based, such as selling a million robots with
humanoid qualities, while others are strategic, such as establishing a
succession plan for future Tesla leadership. Musk also has a lot of other
irons in the fire across SpaceX and xAI, so the incentives may be an effort
to keep the CEO focused on generating more money for this specific group of
supporters.

Presently, most times the Tesla name makes headlines, it's not for good
press. The company coupled record-high revenue with tumbling profits in its
Q3 2025 financial results. Just during October, it was the subject of
multiple investigations by the National Highway Traffic Safety Administration
and incurred the wrath of the California Department of Insurance.

This article originally appeared on Engadget at
https://www.engadget.com/tesla-shareholders-a...
compensation-package-233217531.html?src=rss

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