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Tesla proposes new pay package for Elon Musk worth up to $1T

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Tesla proposes new pay package for Elon Musk worth up to $1T Sean O'Kane AM PDT · September 5, 2025 Tesla has proposed a new 10-year compensation plan for CEO Elon Musk that could be worth as much as $1 trillion even as the EV maker’s car business stumbles and it sets its sights on humanoid robotics and AI.

The company has tied the compensation to a number of benchmarks, one of which involves increasing Tesla’s overall valuation from around $1 trillion to more than $8 trillion. The plan would grant Musk more than 423 million additional shares in the company, boosting his level of control to around 25%. Musk has previously threatened to leave Tesla if he didn’t receive more voting power.

The proposal will be voted on

Tesla wrote to shareholders in a filing with the Securities and Exchange Commission that the company believes the world is at a “critical inflection point” in society, and claims it can usher in an era of “sustainable abundance”

“Tesla can help bring about a society that democratizes autonomous goods and services,” the company wrote.

Tesla wrote that Musk’s “singular vision” is “vital” to “navigating this critical inflection point.” It cited the company’s recently-published “Master Plan Part IV,” which it says Musk “unveiled,” even though the CEO barely acknowledged it, except for agreeing that it lacked specifics.

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