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Tesla shareholders have approved a new compensation package for Elon Musk valued at roughly $1 trillion over several years.
The package is considered one of the largest executive compensation plans ever approved in corporate history. It was confirmed at Tesla’s annual shareholder meeting in Austin, Texas, where the announcement prompted a chant of “Elon!” from the crowd.
“Thanks, guys,” Musk said, after briefly dancing on stage alongside the company’s humanoid Optimus robots. Musk described the robots — which have not yet entered mass production, as the future of the company and of humanity, calling them “the biggest product of all time.” He suggested they could be used in sectors ranging from healthcare to prison security.
However, Musk will only receive the full payout if Tesla reaches several ambitious strategic milestones, including:
According to analysts, these targets are among the most ambitious ever set in a corporate compensation agreement — even for Musk, who simultaneously leads Tesla, X, SpaceX, and the AI startup xAI.

