Elon Musk to become world's first trillionaire

In a remarkable development, Elon Musk has officially secured shareholder approval for what is now the largest executive compensation package in corporate history, a staggering $1 trillion pay deal that could make him the world’s first trillionaire.

Held during Tesla’s annual meeting in Austin, Texas, the vote passed with over 75% support, despite intense criticism from major investors.

Musk celebrated the win on stage alongside Tesla’s Optimus robots, calling it a “historic moment” for the company.

However, the newly approved 10-year package ties Musk’s payout entirely to Tesla’s performance.

To unlock the full amount, Tesla must hit some of the most ambitious targets ever set by a public company, including increasing market value from $1.5 trillion to $8.5 trillion, producing 20 million vehicles annually, deploying one million robotaxis, and building one million humanoid robots.

Notably, even partial progress on these milestones could yield Musk tens of billions in Tesla stock.

Supporters have argued that the plan ensures Musk keeps his focus on Tesla amid concerns he could instead prioritise SpaceX, xAI, or other ventures.

On the other hand, detractors, including Norway’s wealth fund, Glass Lewis, and ISS, slammed the deal for being “excessive” and lacking shareholder safeguards.

During the event, Musk also teased Tesla’s future roadmap: the long-awaited robotaxi “Cybercab,” an AI chip factory in partnership with Intel, and the much-anticipated next-gen Roadster, which he said will be unveiled later this year.