Elon Musk Set to Become World’s First Trillionaire After Tesla’s Landmark Vote

Tesla shareholders approve an unprecedented $1 trillion pay package for Musk, setting the stage for an ambitious future driven by innovation, robotics, and market dominance.

Tesla CEO Elon Musk is on track to become the world’s first trillionaire, following a historic shareholder vote that approved a pay package valued at over $1 trillion.

On Thursday, October 6, approximately 75% of Tesla shareholders voted in favor of the groundbreaking compensation plan, according to reports from CNBC and Business Insider. The package marks one of the most ambitious performance-based pay structures ever seen in corporate history — potentially rewarding Musk with massive equity gains if he meets a series of stringent business milestones by 2035.

A Visionary Plan for Tesla’s Future

Under the new plan, Musk must propel Tesla’s market capitalization to $8.5 trillion, sell 12 million vehicles annually, and deploy 1 million robotaxis and 1 million humanoid robots within the next decade. The targets are designed not only to ensure Tesla’s dominance in electric vehicles but also to cement its leadership in artificial intelligence and robotics.

Crucially, Musk must remain Tesla’s CEO for seven and a half years to unlock the shares tied to these goals. However, he will still be permitted to continue overseeing his other ventures — including SpaceX, Neuralink, and his AI startup, xAI, according to NBC News.

A Celebration of Innovation

Following the shareholder vote, Musk celebrated at Tesla’s annual shareholder meeting in Austin, Texas, taking the stage to cheers and applause — even performing a light-hearted dance alongside Tesla robots.

“I super appreciate it. Thank you, everyone,” Musk said on stage. “What we’re about to embark upon is not merely a new chapter for Tesla but a whole new book.”

Musk, currently the richest person in the world with an estimated net worth of $473 billion, according to Bloomberg’s Billionaires Index, could see his fortune soar to unprecedented levels if Tesla achieves its ambitious targets.

Investor Concerns and Controversy

While many investors celebrated Musk’s visionary leadership, not all were convinced. Norway’s sovereign wealth fund, one of Tesla’s largest institutional investors, voted against the plan, expressing concerns about share dilution and overreliance on Musk.

“While we appreciate the significant value created under Mr. Musk’s visionary role, we are concerned about the total size of the award, dilution, and lack of mitigation of key person risk,” the fund’s manager, Norges Bank Investment Management, said in a statement.

The vote also comes amid ongoing public debate over Musk’s political positions and his controversial role as head of the Department of Government Efficiency under U.S. President Donald Trump’s administration. Earlier in 2025, protests erupted outside Tesla showrooms as critics voiced opposition to Musk’s fiscal and political stances.

The Road Ahead

Despite controversies, Musk remains steadfast in his vision to transform industries — from space exploration to sustainable energy and artificial intelligence. His pursuit of humanoid robots and fully autonomous vehicles reflects his broader ambition to shape the future of human labor and mobility.

If successful, Tesla’s new targets could usher in a new era not just for the company, but for the global economy — and confirm Elon Musk’s place as the most influential entrepreneur of the 21st century.