On November 6, 2025, Tesla shareholders voted at the annual meeting in Austin, Texas, to approve a compensation package for CEO Elon Musk valued at up to $1 trillion in stock options, with over 75% support despite opposition from proxy advisory firms.

The package requires Tesla to reach an $8.5 trillion market cap, $400 billion in annual profits, and produce 20 million vehicles annually along with deploying one million self-driving robotaxis and humanoid robots.

Musk, currently worth $486.5 billion, could become the world’s first trillionaire by 2027 if targets are met, amid challenges like declining sales and competition from rivals such as BYD.