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Elon Musk is seeking a controversial pay package worth approximately $1 trillion as Tesla shareholders prepare to vote on it today, closing at 11:59 p.m. ET. The results will be disclosed during Tesla’s annual general meeting tomorrow. Musk’s compensation is tied to ambitious targets, including a 25-fold increase in adjusted EBITDA to $400 billion by 2035 and a market valuation of $8.5 trillion. Approval appears likely with a predicted 93% chance of passing, despite pushback from significant investors like Norway’s sovereign-wealth fund, which holds over 1% of Tesla and plans to vote against the proposal.
Tesla recently delivered a record 497,099 vehicles in Q3 2025, up 7.4% year-over-year, although sales in October showed significant declines in Europe, with drops of 89% in Sweden and 50% in Norway. The company faces pressure from increased competition and an aging vehicle lineup, pushing margins lower. Nonetheless, its energy storage sector achieved record deployments, and plans for a robotaxi initiative are underway, expanding to multiple states by year-end.
Investors are concerned about Tesla’s future growth prospects, as projected revenues and earnings per share are expected to decline by 3.3% and 32.6%, respectively, for 2025. Tesla’s stock has gained around 10% year to date, lagging behind competitors like General Motors and Ford, which rose by 25% and 29% respectively during the same period.
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