OREANDA-NEWS  Tesla shareholders have approved a new compensation package for chief executive Officer Elon Musk, which provides remuneration of up to $1 trillion over ten years, the company said.

This proposal was approved by the holders of more than 75% of the company's shares.

The Tesla board of directors actively promoted Musk's new compensation package, arguing that it would keep him at the head of the company for the next decade. Otherwise, he could have left her, Robin Denholm, chairman of the company's board of directors, admitted.

Musk's remuneration plan provides for phased payments in shares of the company if it reaches certain targets both in terms of capitalization and operational performance. The maximum payments are provided if Tesla's market value reaches $8.5 trillion by 2035, and adjusted EBITDA grows to $400 billion. In this case, Musk will receive about 12% of Tesla shares worth $ 1.03 trillion.

Since the beginning of 2025, Tesla's capitalization has grown by 10.4%, to $1.54 trillion.