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Tesla CEO Pay Package Approved
On November 5, 2025, Tesla shareholders approved a performance-based pay package for CEO Elon Musk, potentially totaling up to $1 trillion, contingent on meeting ambitious company benchmarks over the next decade.
The package, disclosed in an SEC filing on September 17, 2025, allows Musk to earn nearly 424 million shares of Tesla for achieving specific milestones, including delivering 20 million vehicles and securing 10 million Full Self-Driving subscriptions. Currently, Tesla’s share price is approximately $420, valuing the shares at around $178 billion, far short of the $1 trillion target requiring a market capitalization of $8.5 trillion, or a share price of about $2,400.
As a point of reference, Tesla delivered 1.8 million vehicles in 2024 and must significantly scale operations to meet its growth targets. The overall EBITDA goals set range from $50 billion to $400 billion, highlighting significant growth challenges for the company moving forward.
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