Tesla CEO Elon Musk could become the world’s first trillionaire if shareholders approve his proposed pay package at Thursday’s annual meeting. The package would grant Musk up to 423.7 million Tesla shares over the next 10 years, worth roughly $1 trillion if Tesla reaches a $8.5 trillion market cap and meets operational and financial targets.
The vote carries extra stakes this year: Tesla warned that Musk might pursue other interests if the package is denied. Musk’s supporters argue he is crucial to Tesla’s future, particularly its push into self-driving cars, robotaxis, and humanoid robots. Analysts like Dan Ives of Wedbush Securities expect overwhelming approval, calling Musk the company’s “key asset.”
However, critics question the fairness and feasibility of the package. Ross Gerber, CEO of Gerber Kawasaki, called the potential payout “$275 million a day” and argued the targets are “softball.” Several large funds, including Norway’s Norges Bank and U.S. public pension funds, plan to vote against it, citing vague goals and potential dilution of shareholder value. Advisory firms Glass Lewis and ISS also recommended a “no” vote.
Musk has pushed back on critics, calling advisory firms “corporate terrorists” and emphasizing the need for voting control over Tesla while maintaining accountability. Even so, past votes suggest the package is likely to pass, with 84% of shares approving his previous pay plan.
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