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In ‘watershed moment’, Tesla board to vote on Musk’s $1 trillion package

In ‘watershed moment’, Tesla board to vote on Musk’s $1 trillion package

Summary

Tesla's board will vote on CEO Elon Musk's $1 trillion pay package, which would be the largest in corporate history. Some experts recommend shareholders reject the package, but Tesla's Chair warns that this could risk Musk leaving the company.

Key Facts

  • Tesla's board is voting on a $1 trillion pay deal for Elon Musk.
  • Major advisory firms Glass Lewis and ISS have recommended against the deal.
  • Tesla has faced challenges, including a drop in global sales and concerns over Musk's political activities.
  • U.S. Tesla sales rose by 7.4% in Q3 2025 due to an expiring tax credit.
  • Sales of other electric cars increased by 22%, partly due to Musk's political involvement.
  • Musk's pay package depends on reaching specific company goals, including a market valuation of $8.5 trillion.
  • Critics say Musk might not focus enough on Tesla due to his other activities.

Source Information