Elon Musk, the CEO of Tesla, has been granted the largest corporate pay package ever approved, setting him on a path to potentially becoming the world’s first trillionaire. The compensation package is directly linked to Tesla’s performance and its ambitious goals in artificial intelligence, robotics, and autonomous vehicles.
According to international media reports, 75 percent of Tesla’s shareholders approved the record-setting package worth one trillion dollars (approximately Rs 2,810 trillion). The company’s board had warned before the vote that Musk might consider leaving Tesla if the package was rejected, noting that the future of the company is strongly tied to his vision for AI and robotics.
The announcement has sparked a renewed debate in the United States regarding wealth inequality, with critics calling the package a symbol of widening economic disparities.
Reports indicate that Musk’s compensation is tied to Tesla’s growth targets, autonomous driving technology, robotics networks, and the future sale of humanoid robots. The approval comes despite objections from some major investors and advisory firms, who labeled the pay structure “excessively expensive” and “unnecessary.” Tesla’s board, however, argued that retaining Musk is crucial for long-term success.
During the annual meeting, Musk also revealed that Tesla will begin production of the “Cyber Cab,” a two-seat robotaxi, starting in April.
