Elon Musk, the world’s richest person, celebrated a major win after Tesla shareholders approved a massive pay package worth nearly $1 trillion over the next decade. The approval came during Tesla’s annual general meeting in Austin, Texas, where Musk celebrated the moment by dancing on stage alongside Optimus, Tesla’s humanoid robot. The robot copied Musk’s moves, entertaining the crowd and highlighting Tesla’s growing focus on robotics and artificial intelligence.
Watch the video:
Tesla’s Optimus robots outperformed their fellow robot, Elon in dancing 😂pic.twitter.com/hLBnvZSPuL
— SMX 🇺🇸 (@iam_smx) November 6, 2025
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“Other shareholder meetings are boring, but ours are fun. Look at this is amazing,” Musk told the audience, as cheers filled the room. He went on to say that Tesla is now entering a “new era,” focusing not only on electric cars but also on robotics and AI.
Musk’s Trillion-Dollar Pay Package
Tesla shareholders voted in favor of giving Musk a pay deal worth up to $878 billion over the next ten years. This decision shows their confidence in Musk’s vision to transform Tesla from an electric vehicle company into a leader in artificial intelligence and robotics.
The approval came despite some resistance from major investors, such as Norway’s sovereign wealth fund. Tesla’s board supported the package, saying they feared Musk might leave if it was not approved.
The new pay deal aims to keep Musk focused on Tesla, as he is also involved in other ventures like SpaceX and his AI company xAI.
Under the agreement, Musk will only receive the full amount if Tesla reaches several ambitious goals.
These include:
- Producing 20 million vehicles per year
- Launching 1 million robotaxis
- Selling 1 million humanoid robots
- Reaching $400 billion in annual profit
To achieve the entire payout, Tesla’s market value would also need to rise significantly from about $1.5 trillion today to as much as $8.5 trillion. Musk’s compensation will be in Tesla stock, and he would need to make certain payments back to the company as part of the arrangement.
The board believes this plan will benefit shareholders in the long term by tying Musk’s rewards directly to Tesla’s performance.
