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Elon Musk’s $1 trillion Tesla pay plan wins shareholder approval

7 November 2025, 11:30 am

1 min read

FILE PHOTO: Elon Musk, Chief Executive Officer of SpaceX and Tesla, gestures as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023. REUTERS/Gonzalo Fuentes/File Photo

Reuters beat competitors with the first alert from Tesla’s shareholder meeting approving CEO Elon Musk’s $878 billion pay package, lifting the stock. It stayed ahead by two minutes on the director re‑election vote, by five minutes on shareholders clearing Musk’s 2025 pay plan, and by first flagging that Norway’s sovereign wealth fund would vote against ratifying the proposal.