Tesla shareholders approve a performance pay package for Elon Musk tied to robotaxi, Optimus and market-cap goals

Tesla

Tesla shareholders approved the 2025 CEO Performance Award on November 6, 2025, a performance-based restricted stock grant to Elon Musk granted on September 3. The award vests only if Tesla meets operational milestones including robotaxi and humanoid robot production targets alongside market-cap goals.

• Scope: 423.7 million restricted shares; potential ~$1 trillion total package with 10-year vesting if milestones met.
• Milestones: include 1M robotaxis, 1M humanoid robots, $400B annual EBITDA, and $8.5T market cap by 2035.
• Vesting: Musk must remain at Tesla for up to 10 years; shares only vest if operational and market-cap milestones achieved.