Compensation Package
Tesla shareholders prepare to vote on Musk's $1 trillion pay package
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Tesla shareholders are set to vote on November 6, 2025, on a proposed compensation package for CEO Elon Musk that could be worth up to $1 trillion if ambitious performance goals are met. The plan has sparked division, with proxy firms recommending rejection while major investors show support. Tesla's board warns that failure to approve could lead to Musk's departure.
Tesla reported record energy storage deployments and overall revenue of $28.1 billion in its third-quarter 2025 earnings on October 22, though operating margins fell sharply. The automotive segment faced challenges from low margins and upcoming tax credit expirations, while the energy business showed strong growth. These results come just before a shareholder vote on CEO Elon Musk's proposed $1 trillion compensation package.
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Elon Musk has warned he will step down as Tesla CEO if shareholders reject his proposed $1 trillion compensation package. The threat came in response to criticism of the package's structure, which could award him billions even for below-average performance. Tesla's board defends the plan as essential for retaining Musk's leadership in AI and robotics.