Musk’s $1 Trillion Pay Package Is Due for a Vote on Thursday. Here’s What to Know

If approved, the compensation plan could give Musk control of more than 25 percent of the company’s stock.

Tesla CEO Elon Musk attends a memorial service for slain conservative commentator Charlie Kirk at State Farm Stadium, in Glendale, Ariz., on Sept. 21, 2025. Daniel Cole/REUTERS

Tesla shareholders are set to vote Thursday on a proposed pay package for Elon Musk that could potentially make him the world’s first trillionaire.

The 2025 CEO Performance Award, as outlined by Tesla’s board of directors, would grant Musk up to 423.7 million shares of Tesla stock over the next decade.