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5 crazy facts about Elon Musk’s Tesla Payday you won’t believe
Tesla CEO’s record-breaking $1 trillion pay package is facing a crucial moment on November 6
Elon Musk has once again set the internet ablaze, and this time, it’s not about Mars or memes.
The Tesla CEO’s record-breaking $1 trillion pay package is facing a crucial moment on November 6, when shareholders will decide whether Musk keeps the biggest payout in corporate history, or loses it all.
The vote could reshape Tesla’s future and even determine if Musk stays as CEO. Here are five shocking facts about Musk’s payday that have the entire tech world talking.
1. The world’s first trillionaire
If approved, Musk’s compensation plan could make him the world’s first trillionaire. The package is tied to Tesla’s market cap and performance milestones, meaning Musk earns nothing unless Tesla soars.
Given the company’s recent stock surges and growing influence in AI and robotics, that title may be closer than anyone thinks.
2. Michael Dell backs Musk’s big bet
Dell CEO Michael Dell publicly came out in Musk’s defense, urging investors to vote “yes.”
“The award is only achieved if he hits exceptionally ambitious goals… if he falls short, he gets nothing,” Dell posted on X (formerly Twitter).
Musk responded with a brief but loaded “Thanks, Michael,” a rare show of tech billionaire solidarity amid the chaos.
3. One of Tesla’s biggest investors says ‘no’
CalPERS, America’s largest public pension fund, announced it will vote against the deal, calling it “excessive” and warning that it gives Musk too much control.
4. What if Musk walks away?
Tesla board chair Robyn Denholm insists the company is ready for an “orderly transition” if Musk leaves.
Names floated as potential successors include:
• Tom Zhu, the production genius behind Tesla’s Shanghai success.
• Vaibhav Taneja, Tesla’s sharp CFO.
• Omead Afshar, the Austin Gigafactory chief.
5. The vote that could rewrite Tesla’s future
The November 6 vote is shaping up to be one of Tesla’s most dramatic moments yet.
Supporters say Musk’s pay is fair given his results, however, critics call it billionaire greed on steroids.